Fiserv, Inc. $FISV Shares Bought by Sierra Legacy Group

Sierra Legacy Group raised its holdings in Fiserv, Inc. (NASDAQ:FISV) by 25.6% during the second quarter, Holdings Channel.com reports. The firm owned 13,550 shares of the business services provider’s stock after purchasing an additional 2,765 shares during the period. Fiserv makes up 1.8% of Sierra Legacy Group’s holdings, making the stock its 14th biggest holding. Sierra Legacy Group’s holdings in Fiserv were worth $2,336,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vise Technologies Inc. purchased a new position in shares of Fiserv during the 2nd quarter worth approximately $2,320,000. Sowell Financial Services LLC lifted its stake in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares in the last quarter. Factory Mutual Insurance Co. lifted its stake in Fiserv by 11.7% during the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. boosted its position in shares of Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at $759,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FISV has been the topic of several research analyst reports. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Citigroup cut their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Argus restated a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Finally, Royal Bank Of Canada set a $85.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $123.25.

Insider Activity

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 2.2%

NASDAQ FISV opened at $61.34 on Wednesday. Fiserv, Inc. has a 52 week low of $60.95 and a 52 week high of $238.59. The firm has a 50 day moving average of $108.57 and a two-hundred day moving average of $139.91. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $33.34 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business 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%. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Profile

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.