Perennial Advisors LLC Has $3.80 Million Stake in Fiserv, Inc. (NASDAQ:FISV)
Perennial Advisors LLC boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,079 shares of the business services provider’s stock after buying an additional 82 shares during the period. Fiserv accounts for 2.8% of Perennial Advisors LLC’s investment portfolio, making the stock its 4th largest position. Perennial Advisors LLC’s holdings in Fiserv were worth $3,802,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC increased its position in shares of Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock worth $247,000 after buying an additional 10 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in shares of Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock worth $418,000 after buying an additional 13 shares in the last quarter. Elefante Mark B increased its position in shares of Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after buying an additional 15 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in shares of Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares in the last quarter. Finally, Nwam LLC increased its position in shares of Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after buying an additional 35 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.
Fiserv, Inc. (FISV) opened at 123.08 on Friday. The firm’s 50-day moving average is $124.64 and its 200 day moving average is $118.43. The stock has a market capitalization of $26.62 billion, a P/E ratio of 30.13 and a beta of 0.81. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $1.08 earnings per share. Fiserv’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Cowen and Company reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, July 19th. BMO Capital Markets increased their price target on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Finally, Cantor Fitzgerald increased their price target on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the completion of the sale, the insider now directly owns 303,151 shares of the company’s stock, valued at approximately $37,912,064.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 51,000 shares of company stock valued at $6,339,810 over the last three months. 1.90% of the stock is owned by corporate insiders.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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