Fiserv Inc (FISV) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Fiserv Inc (NASDAQ:FISV) by 48,172.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,513 shares of the business services provider’s stock after acquiring an additional 55,398 shares during the period. Pacer Advisors Inc.’s holdings in Fiserv were worth $4,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. We Are One Seven LLC acquired a new position in Fiserv in the 4th quarter valued at $27,000. Sontag Advisory LLC acquired a new stake in shares of Fiserv during the 4th quarter worth $27,000. JOYN Advisors Inc. grew its holdings in shares of Fiserv by 80.0% during the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Destination Wealth Management acquired a new stake in shares of Fiserv during the 4th quarter worth $30,000. Finally, WESPAC Advisors SoCal LLC acquired a new stake in shares of Fiserv during the 4th quarter worth $31,000. Institutional investors and hedge funds own 88.84% of the company’s stock.

In other news, Director Kim M. Robak sold 10,904 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the transaction, the director now directly owns 85,610 shares in the company, valued at $7,448,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Denis Oleary sold 13,728 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the transaction, the director now owns 52,014 shares of the company’s stock, valued at $4,425,351.12. The disclosure for this sale can be found here. Insiders have sold 187,912 shares of company stock valued at $15,245,371 over the last 90 days. 1.70% of the stock is owned by corporate insiders.

Shares of FISV traded down $1.48 during mid-day trading on Wednesday, reaching $86.75. 6,141,305 shares of the company were exchanged, compared to its average volume of 5,276,819. Fiserv Inc has a 52 week low of $68.43 and a 52 week high of $91.19. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $34.58 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fiserv Inc will post 3.45 EPS for the current year.

Several research firms have recently issued reports on FISV. Royal Bank of Canada raised Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price on the stock in a report on Monday, January 28th. Edward Jones lowered Fiserv from a “buy” rating to a “hold” rating in a report on Friday, January 18th. BidaskClub lowered Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Buckingham Research began coverage on Fiserv in a report on Thursday, February 7th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Fiserv presently has an average rating of “Buy” and an average target price of $87.29.

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Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Further Reading: Net Income

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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