Fiserv Inc (FISV) Holdings Boosted by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 22.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,868 shares of the business services provider’s stock after buying an additional 2,358 shares during the period. Janney Montgomery Scott LLC’s holdings in Fiserv were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Fiserv during the 2nd quarter valued at about $122,000. Sun Life Financial INC lifted its holdings in shares of Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Fiserv during the 3rd quarter valued at about $206,000. Finally, Trustmark National Bank Trust Department bought a new position in shares of Fiserv during the 2nd quarter valued at about $204,000. Hedge funds and other institutional investors own 88.47% of the company’s stock.
Fiserv Inc (NASDAQ FISV) opened at $132.16 on Wednesday. The firm has a market capitalization of $27,579.58, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82. Fiserv Inc has a 1 year low of $104.51 and a 1 year high of $133.36. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now directly owns 236,835 shares in the company, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the transaction, the insider now owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold a total of 32,439 shares of company stock worth $4,182,003 in the last ninety days. Insiders own 1.80% of the company’s stock.
FISV has been the topic of several recent analyst reports. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research report on Sunday, October 8th. Cowen reissued a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Finally, BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $130.41.
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Fiserv Company Profile
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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