Allworth Financial LP Increases Stake in Fiserv, Inc. $FISV

Allworth Financial LP raised its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,592 shares of the business services provider’s stock after purchasing an additional 875 shares during the quarter. Allworth Financial LP’s holdings in Fiserv were worth $1,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Davis R M Inc. grew its stake in Fiserv by 44.5% in the 2nd quarter. Davis R M Inc. now owns 3,394 shares of the business services provider’s stock valued at $585,000 after buying an additional 1,045 shares in the last quarter. Compass Capital Management Inc. boosted its holdings in shares of Fiserv by 39.8% in the second quarter. Compass Capital Management Inc. now owns 403,270 shares of the business services provider’s stock worth $69,528,000 after acquiring an additional 114,782 shares during the period. King Luther Capital Management Corp grew its position in shares of Fiserv by 55.7% in the second quarter. King Luther Capital Management Corp now owns 442,339 shares of the business services provider’s stock valued at $76,264,000 after purchasing an additional 158,196 shares in the last quarter. Roberts Glore & Co. Inc. IL grew its position in shares of Fiserv by 4.3% in the second quarter. Roberts Glore & Co. Inc. IL now owns 4,504 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 185 shares in the last quarter. Finally, PFG Advisors bought a new stake in shares of Fiserv during the 2nd quarter valued at $1,423,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FISV shares. Morgan Stanley set a $81.00 target price on Fiserv and gave the company an “equal weight” rating in a report on Thursday, October 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a report on Wednesday, October 29th. Finally, BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Wednesday, November 5th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average price target of $123.25.

Fiserv Stock Performance

NASDAQ FISV opened at $64.53 on Friday. Fiserv, Inc. has a 52-week low of $60.95 and a 52-week high of $238.59. The company has a fifty day moving average of $112.95 and a 200-day moving average of $143.03. The company has a market capitalization of $34.71 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Company 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.