Fiserv, Inc. (NASDAQ:FISV) Shares Purchased by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. boosted its stake in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 151,497 shares of the business services provider’s stock after purchasing an additional 12,434 shares during the period. Advisor Group Holdings Inc.’s holdings in Fiserv were worth $15,310,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FISV. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Fiserv by 12.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,126 shares of the business services provider’s stock worth $9,462,000 after acquiring an additional 11,385 shares in the last quarter. CWM LLC grew its stake in shares of Fiserv by 17.1% during the fourth quarter. CWM LLC now owns 17,551 shares of the business services provider’s stock worth $1,774,000 after purchasing an additional 2,567 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Fiserv by 4.2% during the fourth quarter. Van ECK Associates Corp now owns 35,557 shares of the business services provider’s stock worth $3,594,000 after purchasing an additional 1,448 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter worth $315,000. Finally, Goldstein Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter worth $204,000. Institutional investors and hedge funds own 88.79% of the company’s stock.

Fiserv Trading Down 3.1 %

Shares of FISV opened at $112.81 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average is $116.13 and its two-hundred day moving average is $109.35. Fiserv, Inc. has a twelve month low of $87.03 and a twelve month high of $122.39. The firm has a market capitalization of $70.86 billion, a P/E ratio of 29.77, a PEG ratio of 1.28 and a beta of 0.85.

Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.56 by $0.02. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.17 billion. Fiserv had a net margin of 13.36% and a return on equity of 13.68%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 earnings per share. On average, research analysts predict that Fiserv, Inc. will post 7.36 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback plan on Thursday, February 23rd that permits the company to buyback 75,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Fiserv from $111.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, April 13th. Morgan Stanley upped their target price on shares of Fiserv from $107.00 to $117.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. Wells Fargo & Company upped their target price on shares of Fiserv from $101.00 to $104.00 and gave the company an “underweight” rating in a report on Wednesday, February 8th. JPMorgan Chase & Co. upped their target price on shares of Fiserv from $121.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Finally, Stephens upped their target price on shares of Fiserv from $120.00 to $125.00 in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.16.

Insider Transactions at Fiserv

In other Fiserv news, CRO Christopher M. Foskett sold 9,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $111.00, for a total value of $999,000.00. Following the transaction, the executive now directly owns 97,665 shares of the company’s stock, valued at $10,840,815. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, CFO Robert W. Hau sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $119.33, for a total value of $1,014,305.00. Following the transaction, the chief financial officer now directly owns 133,491 shares of the company’s stock, valued at approximately $15,929,481.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Christopher M. Foskett sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $111.00, for a total value of $999,000.00. Following the completion of the transaction, the executive now directly owns 97,665 shares in the company, valued at $10,840,815. The disclosure for this sale can be found here. Insiders have sold a total of 33,500 shares of company stock worth $3,904,745 in the last three months. 1.00% of the stock is currently owned by company insiders.

About Fiserv

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Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.