Coldstream Capital Management Inc. Raises Stock Holdings in Fiserv, Inc. $FISV

Coldstream Capital Management Inc. grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,661 shares of the business services provider’s stock after acquiring an additional 1,481 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Fiserv were worth $3,217,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FISV. J. L. Bainbridge & Co. Inc. lifted its position in Fiserv by 12.2% during the second quarter. J. L. Bainbridge & Co. Inc. now owns 252,707 shares of the business services provider’s stock valued at $43,569,000 after purchasing an additional 27,497 shares during the period. Meridian Wealth Advisors LLC lifted its holdings in shares of Fiserv by 1.1% during the 2nd quarter. Meridian Wealth Advisors LLC now owns 27,169 shares of the business services provider’s stock valued at $4,684,000 after buying an additional 304 shares during the period. Cozad Asset Management Inc. boosted its stake in shares of Fiserv by 2.4% in the 2nd quarter. Cozad Asset Management Inc. now owns 51,421 shares of the business services provider’s stock worth $8,865,000 after buying an additional 1,193 shares during the last quarter. AlphaCore Capital LLC grew its holdings in shares of Fiserv by 52.6% in the second quarter. AlphaCore Capital LLC now owns 2,709 shares of the business services provider’s stock worth $467,000 after acquiring an additional 934 shares during the period. Finally, Mufg Securities Americas Inc. increased its position in Fiserv by 22.0% during the second quarter. Mufg Securities Americas Inc. now owns 12,287 shares of the business services provider’s stock valued at $2,118,000 after acquiring an additional 2,217 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of NASDAQ FISV opened at $60.84 on Monday. The stock has a market cap of $33.07 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The firm has a fifty day moving average price of $104.16 and a 200-day moving average price of $137.30. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The company had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

FISV has been the subject of a number of recent research reports. Mizuho set a $145.00 price target on Fiserv and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Barclays set a $175.00 price objective on shares of Fiserv and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Seaport Res Ptn lowered Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.25.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.