HM Payson & Co. Increases Stake in Fiserv, Inc. (FISV)
HM Payson & Co. grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,660 shares of the business services provider’s stock after purchasing an additional 1,667 shares during the period. HM Payson & Co.’s holdings in Fiserv were worth $1,246,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in FISV. Elefante Mark B boosted its stake in Fiserv by 0.3% during the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after acquiring an additional 15 shares in the last quarter. Roberts Glore & Co. Inc. IL boosted its stake in Fiserv by 0.6% during the second quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock worth $402,000 after acquiring an additional 20 shares in the last quarter. Nwam LLC boosted its stake in Fiserv by 1.9% during the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after acquiring an additional 35 shares in the last quarter. OLD National Bancorp IN boosted its stake in Fiserv by 2.8% during the second quarter. OLD National Bancorp IN now owns 1,912 shares of the business services provider’s stock worth $234,000 after acquiring an additional 52 shares in the last quarter. Finally, Burney Co. boosted its stake in Fiserv by 0.7% during the second quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock worth $1,030,000 after acquiring an additional 55 shares in the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock valued at $7,133,943 over the last three months. 1.80% of the stock is owned by corporate insiders.
Fiserv, Inc. (FISV) traded down $0.88 on Friday, hitting $128.00. 482,700 shares of the stock traded hands, compared to its average volume of 1,064,747. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. Fiserv, Inc. has a 1 year low of $99.19 and a 1 year high of $130.20. The stock has a market capitalization of $26,675.07, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts predict that Fiserv, Inc. will post 5.08 earnings per share for the current year.
FISV has been the topic of several research reports. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Cantor Fitzgerald reissued a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Royal Bank Of Canada reissued a “sector perform” rating and set a $128.00 price objective (up previously from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Credit Suisse Group boosted their price objective on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $128.45.
TRADEMARK VIOLATION WARNING: This article was originally published by Watch List News and is the property of of Watch List News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.watchlistnews.com/hm-payson-co-increases-stake-in-fiserv-inc-fisv/1697941.html.
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.
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV).
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.