Palisade Capital Management LLC NJ Increases Position in Fiserv, Inc. (FISV)
Palisade Capital Management LLC NJ boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 74.8% during the second quarter, Holdings Channel reports. The fund owned 7,119 shares of the business services provider’s stock after buying an additional 3,047 shares during the period. Palisade Capital Management LLC NJ’s holdings in Fiserv were worth $871,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in FISV. Tdam USA Inc. purchased a new position in shares of Fiserv during the second quarter worth approximately $201,000. Perennial Advisors LLC boosted its position in shares of Fiserv by 0.3% in the second quarter. Perennial Advisors LLC now owns 31,079 shares of the business services provider’s stock worth $3,802,000 after buying an additional 82 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Fiserv during the second quarter worth approximately $104,000. Candriam Luxembourg S.C.A. boosted its position in shares of Fiserv by 12.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 20,194 shares of the business services provider’s stock worth $2,471,000 after buying an additional 2,312 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Fiserv during the second quarter worth approximately $290,000. Institutional investors own 87.60% of the company’s stock.
Fiserv, Inc. (FISV) opened at 123.58 on Wednesday. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 30.25 and a beta of 0.81. The company’s 50-day moving average price is $124.54 and its 200 day moving average price is $118.55. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts forecast that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Palisade Capital Management LLC NJ Increases Position in Fiserv, Inc. (FISV)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/palisade-capital-management-llc-nj-increases-position-in-fiserv-inc-fisv.html.
A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a research note on Tuesday. Cowen and Company reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday, August 3rd. Credit Suisse Group increased their price target on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets increased their price target on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus 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 transaction of $2,126,020.00. Following the completion of the sale, the insider now directly owns 303,151 shares in the company, valued at $37,912,064.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 51,000 shares of company stock valued at $6,339,810. Company insiders own 1.80% of the company’s stock.
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.
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV).
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.