JB Capital LLC Has $5.50 Million Stock Holdings in Fiserv, Inc. $FISV

JB Capital LLC boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 2,687.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 42,624 shares of the business services provider’s stock after acquiring an additional 41,095 shares during the quarter. JB Capital LLC’s holdings in Fiserv were worth $5,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FISV. Sound Income Strategies LLC bought a new position in shares of Fiserv in the 3rd quarter valued at $28,000. Hager Investment Management Services LLC acquired a new position in Fiserv in the 2nd quarter worth about $34,000. Clear Street LLC acquired a new position in Fiserv in the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc raised its position in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FISV has been the subject of several recent research reports. Citigroup lowered their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $85.00 price target on shares of Fiserv in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a report on Thursday, October 16th. BNP Paribas Exane reissued a “neutral” rating and issued a $62.00 price objective on shares of Fiserv in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $149.00 to $79.00 in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus target price of $119.58.

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction on Monday, December 1st. The stock was acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 34,900 shares of company stock worth $2,211,971 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.4%

FISV opened at $67.54 on Wednesday. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The company has a fifty day moving average of $71.07 and a 200-day moving average of $117.92. The stock has a market cap of $36.71 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.32 billion for the quarter. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.