Copper Rock Capital Partners LLC Purchases 1,660 Shares of Fiserv, Inc. (FISV)

Copper Rock Capital Partners LLC boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 90.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,486 shares of the business services provider’s stock after buying an additional 1,660 shares during the period. Copper Rock Capital Partners LLC’s holdings in Fiserv were worth $370,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in Fiserv by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,520 shares of the business services provider’s stock valued at $799,000 after buying an additional 320 shares during the last quarter. Ibex Wealth Advisors raised its position in Fiserv by 4.9% in the fourth quarter. Ibex Wealth Advisors now owns 16,631 shares of the business services provider’s stock valued at $1,822,000 after buying an additional 782 shares during the last quarter. Kentucky Retirement Systems acquired a new position in Fiserv during the fourth quarter valued at approximately $1,674,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Fiserv during the fourth quarter valued at approximately $747,000. Finally, Pensionfund Sabic purchased a new position in shares of Fiserv during the first quarter worth about $1,499,000. Institutional investors and hedge funds own 87.60% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) traded up 0.44% on Friday, hitting $123.03. 317,853 shares of the stock were exchanged. The company has a market cap of $25.89 billion, a PE ratio of 30.12 and a beta of 0.81. The company’s 50-day moving average is $124.36 and its 200-day moving average is $118.93. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Credit Suisse Group restated a “hold” rating and set a $116.00 price objective on shares of Fiserv in a research report on Friday, April 28th. Barclays PLC reaffirmed an “equal weight” rating and issued a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. Finally, Wedbush reissued an “outperform” rating and issued a $146.25 price objective (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. 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’s stock. The company has a consensus rating of “Buy” and an average target price of $126.91.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total value of $2,126,020.00. Following the completion of the sale, the insider now directly 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 SEC, which is accessible through this link. Over the last ninety days, insiders sold 51,000 shares of company stock valued at $6,339,810. 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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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