Fiserv Inc (FISV) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Fiserv Inc (NASDAQ:FISV) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,460 shares of the business services provider’s stock after purchasing an additional 7,534 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fiserv were worth $4,002,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Tandem Investment Advisors Inc. grew its position in Fiserv by 3.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after purchasing an additional 141 shares during the last quarter. Cornerstone Advisors Inc. grew its position in Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after purchasing an additional 146 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in Fiserv by 2.3% in the 4th quarter. LVM Capital Management Ltd. MI now owns 7,079 shares of the business services provider’s stock worth $520,000 after purchasing an additional 159 shares during the last quarter. OLD Second National Bank of Aurora grew its position in Fiserv by 0.4% in the 4th quarter. OLD Second National Bank of Aurora now owns 37,519 shares of the business services provider’s stock worth $2,757,000 after purchasing an additional 163 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. grew its position in Fiserv by 0.7% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 25,195 shares of the business services provider’s stock worth $1,852,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

Several research analysts have commented on FISV shares. Wedbush upped their target price on shares of Fiserv from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 29th. Wolfe Research upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating in a report on Thursday, January 17th. Stephens upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $76.00 to $90.00 in a report on Wednesday, January 16th. Credit Suisse Group increased their price objective on shares of Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, October 15th. Finally, Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the company from $78.00 to $92.00 in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $86.49.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $76.94, for a total transaction of $3,847,000.00. Following the completion of the sale, the insider now directly owns 471,157 shares in the company, valued at $36,250,819.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 150,000 shares of company stock valued at $11,106,000 over the last 90 days. 1.70% of the stock is currently owned by insiders.

Shares of NASDAQ:FISV opened at $85.70 on Monday. The company has a market cap of $34.15 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. Fiserv Inc has a 1-year low of $66.89 and a 1-year high of $85.73. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.84. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. As a group, sell-side analysts anticipate that Fiserv Inc will post 3.46 EPS for the current year.

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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; 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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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