CWA Asset Management Group LLC Has $419,000 Stake in Fiserv, Inc. (NASDAQ:FISV)

CWA Asset Management Group LLC raised its holdings in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,149 shares of the business services provider’s stock after acquiring an additional 175 shares during the period. CWA Asset Management Group LLC’s holdings in Fiserv were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Colonial Trust Advisors acquired a new position in Fiserv in the third quarter valued at about $28,000. Atlas Capital Advisors LLC lifted its holdings in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 128 shares in the last quarter. MV Capital Management Inc. lifted its holdings in shares of Fiserv by 58.8% in the third quarter. MV Capital Management Inc. now owns 308 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 114 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Fiserv by 61.7% in the third quarter. EverSource Wealth Advisors LLC now owns 401 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 153 shares in the last quarter. Finally, Cambridge Trust Co. lifted its holdings in shares of Fiserv by 45.1% in the third quarter. Cambridge Trust Co. now owns 402 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 125 shares in the last quarter. 88.79% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Fiserv stock opened at $108.17 on Friday. Fiserv, Inc. has a 12 month low of $87.03 and a 12 month high of $119.48. The stock’s 50 day moving average is $110.27 and its 200-day moving average is $103.73. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $67.94 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.23 and a beta of 0.86.

Fiserv (NASDAQ:FISV – Get Rating) last posted its earnings results on Tuesday, February 7th. The business services provider reported $1.91 EPS for the quarter, meeting the consensus estimate of $1.91. Fiserv had a return on equity of 13.32% and a net margin of 14.26%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 7.32 EPS for the current year.

Fiserv announced that its board has authorized a stock repurchase program on Thursday, February 23rd that allows the company to buyback 75,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 2,937 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $105.03, for a total transaction of $308,473.11. Following the sale, the chief operating officer now owns 202,686 shares of the company’s stock, valued at $21,288,110.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Guy Chiarello sold 2,937 shares of the stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $105.03, for a total transaction of $308,473.11. Following the sale, the chief operating officer now owns 202,686 shares of the company’s stock, valued at $21,288,110.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Holdings L.P. Valueact sold 675,014 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $101.51, for a total value of $68,520,671.14. Following the sale, the director now directly owns 11,647,776 shares in the company, valued at approximately $1,182,365,741.76. The disclosure for this sale can be found here. Insiders have sold 1,755,044 shares of company stock valued at $179,073,098 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FISV. Raymond James boosted their price target on Fiserv from $109.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Morgan Stanley boosted their price target on Fiserv from $107.00 to $117.00 and gave the company an “equal weight” rating in a report on Wednesday, February 8th. Barclays boosted their price target on Fiserv from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Tigress Financial reiterated a “buy” rating and set a $154.00 target price (up previously from $152.00) on shares of Fiserv in a report on Friday, February 24th. Finally, Royal Bank of Canada upped their target price on Fiserv from $123.00 to $131.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.14.

Fiserv Company Profile

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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.