Fiserv Inc (NASDAQ:FISV) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in Fiserv Inc (NASDAQ:FISV) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,580 shares of the business services provider’s stock after buying an additional 459 shares during the period. Parallel Advisors LLC’s holdings in Fiserv were worth $267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ETF Managers Group LLC lifted its stake in shares of Fiserv by 44.3% in the 2nd quarter. ETF Managers Group LLC now owns 345,087 shares of the business services provider’s stock worth $31,344,000 after acquiring an additional 105,957 shares during the period. Close Asset Management Ltd lifted its stake in shares of Fiserv by 3.6% in the 2nd quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock worth $100,972,000 after acquiring an additional 38,799 shares during the period. First Hawaiian Bank lifted its stake in shares of Fiserv by 556.0% in the 2nd quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock worth $310,000 after acquiring an additional 2,880 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Fiserv by 3.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock worth $4,018,000 after acquiring an additional 1,539 shares during the period. Finally, Hartford Investment Management Co. lifted its stake in shares of Fiserv by 0.7% in the 2nd quarter. Hartford Investment Management Co. now owns 43,219 shares of the business services provider’s stock worth $3,940,000 after acquiring an additional 302 shares during the period.

Shares of FISV stock traded up $0.96 during trading hours on Friday, reaching $110.61. 4,201,000 shares of the stock traded hands, compared to its average volume of 4,555,937. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The firm has a market capitalization of $40.87 billion, a PE ratio of 35.68, a PEG ratio of 2.15 and a beta of 0.78. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $111.46. The business has a fifty day moving average price of $104.63 and a 200 day moving average price of $97.58.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. Fiserv’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. Research analysts expect that Fiserv Inc will post 4.03 earnings per share for the current fiscal year.

FISV has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on shares of Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price target for the company. UBS Group upped their price target on shares of Fiserv from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Atlantic Securities initiated coverage on shares of Fiserv in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price target for the company. SunTrust Banks boosted their target price on shares of Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Canaccord Genuity initiated coverage on shares of Fiserv in a report on Thursday, September 12th. They issued a “buy” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $107.85.

In related news, EVP Christopher M. Foskett sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the sale, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Guy Chiarello sold 46,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the sale, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,000 shares of company stock valued at $13,422,250. 1.40% of the stock is owned by insiders.

Fiserv Company 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: What are the benefits of a portfolio tracker?

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit