Gabelli Funds LLC Increases Stock Holdings in Fiserv, Inc. $FISV

Gabelli Funds LLC grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 223.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,874 shares of the business services provider’s stock after purchasing an additional 21,324 shares during the quarter. Gabelli Funds LLC’s holdings in Fiserv were worth $5,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Bison Wealth LLC raised its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the period. Independent Advisor Alliance lifted its position in Fiserv by 8.7% during the first quarter. Independent Advisor Alliance now owns 12,800 shares of the business services provider’s stock valued at $2,827,000 after purchasing an additional 1,020 shares in the last quarter. Trillium Asset Management LLC grew its holdings in Fiserv by 867.5% during the first quarter. Trillium Asset Management LLC now owns 12,142 shares of the business services provider’s stock valued at $2,681,000 after purchasing an additional 10,887 shares during the period. Finally, Trajan Wealth LLC increased its position in Fiserv by 2.9% in the first quarter. Trajan Wealth LLC now owns 165,243 shares of the business services provider’s stock worth $36,491,000 after buying an additional 4,596 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FISV. B. Riley cut Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. TD Cowen cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Thursday, October 30th. Jefferies Financial Group reduced their price target on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. BNP Paribas Exane reissued a “neutral” rating and issued a $62.00 price objective on shares of Fiserv in a research note on Wednesday, November 5th. Finally, Susquehanna restated a “positive” rating and issued a $99.00 target price (down from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $66.21 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The company has a market capitalization of $35.99 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 2.53 and a beta of 0.80. The firm’s 50-day moving average is $87.96 and its 200 day moving average is $128.04.

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

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 34,900 shares of company stock worth $2,211,971 in the last quarter. 0.75% of the stock is owned by company insiders.

Fiserv 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.