Fiserv, Inc. (FISV) Position Maintained by Archon Partners LLC
Archon Partners LLC held its stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 146,600 shares of the business services provider’s stock at the end of the second quarter. Fiserv accounts for 4.2% of Archon Partners LLC’s portfolio, making the stock its 2nd largest position. Archon Partners LLC owned about 0.07% of Fiserv worth $17,935,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. First Manhattan Co. raised its position in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the period. Chicago Partners Investment Group LLC bought a new position in Fiserv during the second quarter worth about $104,000. Parallel Advisors LLC raised its position in Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after buying an additional 64 shares during the period. Advisory Services Network LLC bought a new position in Fiserv during the first quarter worth about $131,000. Finally, Trust Co. of Vermont raised its position in Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.
Shares of Fiserv, Inc. (FISV) opened at 122.83 on Tuesday. The stock has a market capitalization of $25.85 billion, a P/E ratio of 30.07 and a beta of 0.81. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The firm’s 50-day moving average price is $124.15 and its 200-day moving average price is $120.11.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $1.08 earnings per share. Fiserv’s revenue was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
A number of research analysts recently issued reports on FISV shares. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, July 19th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and lifted their target price for the company from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Barclays PLC reiterated an “equal weight” rating and issued a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Finally, Cowen and Company reiterated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, August 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the sale, the insider now directly owns 303,151 shares in the company, valued at approximately $37,912,064.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 51,000 shares of company stock worth $6,342,700. 1.80% of the stock is owned by company insiders.
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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