Fiserv, Inc. (FISV) Stake Maintained by Pathstone Family Office LLC
Pathstone Family Office LLC maintained its position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20 shares of the business services provider’s stock at the close of the second quarter. Pathstone Family Office LLC’s holdings in Fiserv were worth $2,447,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Savant Capital LLC grew its holdings 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 purchasing an additional 10 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in Fiserv by 0.4% during the 1st quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock worth $418,000 after acquiring an additional 13 shares in the last quarter. Elefante Mark B grew its holdings in Fiserv by 0.3% during the 2nd quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after acquiring an additional 15 shares in the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in Fiserv by 2.3% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after acquiring an additional 33 shares in the last quarter. Finally, Nwam LLC grew its holdings in Fiserv by 1.9% during the 2nd quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.
Several brokerages have issued reports on FISV. Royal Bank Of Canada reiterated a “sector perform” rating and set a $128.00 target price (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Barclays PLC reiterated an “equal weight” rating and set a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cowen and Company reiterated a “hold” rating and set a $115.00 target price on shares of Fiserv in a report on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $136.00 target price on shares of Fiserv in a report on Friday, September 8th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $127.05.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 51,000 shares of company stock valued at $6,342,700. Corporate insiders own 1.80% of the company’s stock.
Fiserv, Inc. (FISV) traded up 0.06% during mid-day trading on Tuesday, hitting $125.61. 123,226 shares of the stock were exchanged. The firm has a market cap of $26.44 billion, a P/E ratio of 30.75 and a beta of 0.82. The company has a 50 day moving average of $123.46 and a 200 day moving average of $121.44. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35.
Fiserv (NASDAQ:FISV) last announced 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 analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
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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