Stocks: 361 Capital LLC Purchases New Stake in Fiserv Inc (FISV)

Stocks: 361 Capital LLC Purchases New Stake in Fiserv Inc (FISV)

361 Capital LLC bought a new position in Fiserv Inc (NASDAQ:FISV) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,864 shares of the business services provider’s stock, valued at approximately $907,000.

A number of other institutional investors have also modified their holdings of the company. Transamerica Financial Advisors Inc. boosted its position in shares of Fiserv by 9.6% in the third quarter. Transamerica Financial Advisors Inc. now owns 54,697 shares of the business services provider’s stock worth $5,441,000 after buying an additional 4,811 shares in the last quarter. Martin Investment Management LLC boosted its position in shares of Fiserv by 0.5% in the third quarter. Martin Investment Management LLC now owns 226,722 shares of the business services provider’s stock worth $22,552,000 after buying an additional 1,098 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Fiserv during the third quarter worth about $510,000. Welch & Forbes LLC boosted its position in shares of Fiserv by 1.5% in the third quarter. Welch & Forbes LLC now owns 453,420 shares of the business services provider’s stock worth $45,102,000 after buying an additional 6,915 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of Fiserv by 1.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 47,861 shares of the business services provider’s stock worth $4,761,000 after buying an additional 556 shares in the last quarter. 86.46% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Inc (NASDAQ:FISV) traded down 0.17% during trading on Friday, hitting $119.66. 205,130 shares of the stock traded hands. Fiserv Inc has a one year low of $92.81 and a one year high of $122.91. The company has a market capitalization of $25.41 billion, a P/E ratio of 29.89 and a beta of 0.80. The company’s 50 day moving average is $117.32 and its 200 day moving average is $110.33.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. On average, equities analysts forecast that Fiserv Inc will post $5.13 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on FISV shares. Cantor Fitzgerald lifted their price target on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Royal Bank of Canada reaffirmed a “hold” rating and set a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $116.00 price target on shares of Fiserv in a report on Friday, April 28th. Finally, Vetr cut Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price target on the stock. in a report on Thursday, April 20th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $115.70.

In other news, insider Jeffery W. Yabuki sold 36,000 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $110.78, for a total transaction of $3,988,080.00. Following the completion of the sale, the insider now owns 336,646 shares in the company, valued at approximately $37,293,643.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $120.19, for a total transaction of $240,380.00. Following the sale, the insider now owns 337,151 shares of the company’s stock, valued at approximately $40,522,178.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,309 shares of company stock valued at $8,471,989. Corporate insiders own 1.90% of the company’s stock.

About Fiserv

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.

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