Poehling Capital Management INC. Takes Position in Fiserv, Inc. $FISV

Poehling Capital Management INC. purchased a new position in Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,332 shares of the business services provider’s stock, valued at approximately $1,977,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. John G Ullman & Associates Inc. increased its stake in shares of Fiserv by 3.2% during the third quarter. John G Ullman & Associates Inc. now owns 37,971 shares of the business services provider’s stock worth $4,896,000 after purchasing an additional 1,189 shares in the last quarter. RMR Wealth Builders boosted its holdings in Fiserv by 11.0% in the 3rd quarter. RMR Wealth Builders now owns 2,001 shares of the business services provider’s stock worth $258,000 after buying an additional 198 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in Fiserv by 52.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,418 shares of the business services provider’s stock worth $570,000 after buying an additional 1,518 shares in the last quarter. HORAN Wealth LLC increased its stake in Fiserv by 63.3% during the 3rd quarter. HORAN Wealth LLC now owns 38,139 shares of the business services provider’s stock worth $4,917,000 after buying an additional 14,790 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Fiserv by 113.1% during the third quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the business services provider’s stock valued at $313,000 after acquiring an additional 1,288 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FISV shares. Wall Street Zen lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. TD Cowen restated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Argus reaffirmed a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. KeyCorp cut shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.34.

Fiserv Price Performance

FISV stock opened at $58.44 on Friday. Fiserv, Inc. has a 52-week low of $57.79 and a 52-week high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market cap of $31.77 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78. The business has a fifty day moving average of $66.26 and a two-hundred day moving average of $99.30.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by company insiders.

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.