Ellenbecker Investment Group Sells 179 Shares of Fiserv, Inc. (NASDAQ:FISV)


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Ellenbecker Investment Group trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,988 shares of the business services provider’s stock after selling 179 shares during the quarter. Fiserv accounts for 0.9% of Ellenbecker Investment Group’s holdings, making the stock its 13th largest holding. Ellenbecker Investment Group’s holdings in Fiserv were worth $2,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vantage Consulting Group Inc bought a new stake in shares of Fiserv during the fourth quarter worth $26,000. CKW Financial Group bought a new stake in shares of Fiserv during the fourth quarter worth $34,000. Capital Asset Advisory Services LLC bought a new stake in shares of Fiserv during the fourth quarter worth $34,000. Perigon Wealth Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth $36,000. Finally, Birchcreek Wealth Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth $42,000. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

In other Fiserv news, Director Denis Oleary bought 9,100 shares of the firm’s stock in a transaction dated Tuesday, February 16th. The stock was bought at an average cost of $110.99 per share, with a total value of $1,010,009.00. Following the completion of the transaction, the director now directly owns 74,478 shares in the company, valued at approximately $8,266,313.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Guy Chiarello sold 30,000 shares of the business’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $125.67, for a total transaction of $3,770,100.00. Following the sale, the insider now directly owns 290,874 shares of the company’s stock, valued at $36,554,135.58. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Shares of NASDAQ:FISV traded up $0.71 during midday trading on Thursday, hitting $123.83. 64,067 shares of the company’s stock were exchanged, compared to its average volume of 4,567,290. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day moving average price of $119.64 and a 200-day moving average price of $110.99. The company has a market cap of $82.90 billion, a PE ratio of 93.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. Fiserv, Inc. has a 12 month low of $91.40 and a 12 month high of $126.25.

Fiserv (NASDAQ:FISV) last posted its earnings results on Monday, February 8th. The business services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.29 by $0.01. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.97 billion. Fiserv had a net margin of 6.01% and a return on equity of 8.75%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, analysts anticipate that Fiserv, Inc. will post 4.42 EPS for the current fiscal year.

A number of brokerages have recently commented on FISV. Wells Fargo & Company lifted their price target on shares of Fiserv from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 9th. Sanford C. Bernstein began coverage on shares of Fiserv in a report on Wednesday, January 27th. They set an “outperform” rating and a $124.00 price target on the stock. Rosenblatt Securities lifted their price target on shares of Fiserv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 10th. Tigress Financial began coverage on shares of Fiserv in a report on Wednesday, December 23rd. They set a “buy” rating on the stock. Finally, Truist lifted their price target on shares of Fiserv from $125.00 to $145.00 in a report on Wednesday, December 9th. Three investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $129.72.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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