Jaffetilchin Investment Partners LLC Takes Position in Fiserv, Inc. (FISV)

Jaffetilchin Investment Partners LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,257 shares of the business services provider’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FISV. Rehmann Capital Advisory Group boosted its position in shares of Fiserv by 8.7% in the first quarter. Rehmann Capital Advisory Group now owns 3,943 shares of the business services provider’s stock worth $455,000 after buying an additional 314 shares in the last quarter. First Manhattan Co. boosted 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 in the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Fiserv by 31.0% in the first quarter. Gilman Hill Asset Management LLC now owns 5,600 shares of the business services provider’s stock worth $646,000 after buying an additional 1,325 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Fiserv by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,789 shares of the business services provider’s stock worth $624,000 after buying an additional 90 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Fiserv by 26.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,882 shares of the business services provider’s stock worth $2,062,000 after buying an additional 3,795 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 121.09 on Friday. The firm has a market capitalization of $25.49 billion, a price-to-earnings ratio of 29.64 and a beta of 0.81. The firm’s 50-day moving average price is $124.26 and its 200-day moving average price is $119.47. 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 results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s 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 year.

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A number of brokerages recently weighed in on FISV. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Wednesday, July 19th. BMO Capital Markets lifted their price target on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 1st. Cantor Fitzgerald lifted their price target on Fiserv from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 price target (up previously from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Nine 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $126.91.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated 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 in the company, valued at $37,912,064.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 51,000 shares of company stock valued at $6,339,810 over the last 90 days. Corporate 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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