Starfire Investment Advisers Inc. Continues to Hold Stake in Fiserv, Inc. (NASDAQ:FISV)
Starfire Investment Advisers Inc. maintained its position in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the business services provider’s stock at the end of the second quarter. Starfire Investment Advisers Inc.’s holdings in Fiserv were worth $244,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Manhattan Co. increased its position in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Fiserv during the second quarter worth approximately $104,000. Advisory Services Network LLC bought a new position in shares of Fiserv during the first quarter worth approximately $131,000. Trust Co. of Vermont increased its position in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares during the last quarter. Finally, 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 during the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.
Fiserv, Inc. (NASDAQ FISV) opened at 122.84 on Friday. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35. The company’s 50-day moving average is $124.30 and its 200 day moving average is $119.03. The firm has a market capitalization of $25.85 billion, a PE ratio of 30.07 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
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FISV has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, July 19th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $136.00 in a research report on Monday, July 17th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Barclays PLC reaffirmed an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $123.00 target price on shares of Fiserv in a research report on Friday, April 28th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Friday, June 23rd. The stock was 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 owns 303,151 shares of the company’s stock, valued at $37,912,064.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety 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, 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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