Addenda Capital Inc. Purchases 25,147 Shares of Fiserv, Inc. $FISV

Addenda Capital Inc. lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 41.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,042 shares of the business services provider’s stock after purchasing an additional 25,147 shares during the quarter. Addenda Capital Inc.’s holdings in Fiserv were worth $11,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its position in Fiserv by 4.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 5,955 shares of the business services provider’s stock worth $768,000 after purchasing an additional 252 shares during the period. Buckhead Capital Management LLC raised its stake in shares of Fiserv by 18.2% in the 3rd quarter. Buckhead Capital Management LLC now owns 33,434 shares of the business services provider’s stock valued at $4,311,000 after buying an additional 5,149 shares in the last quarter. Embree Financial Group lifted its holdings in shares of Fiserv by 1.1% during the 3rd quarter. Embree Financial Group now owns 10,244 shares of the business services provider’s stock worth $1,321,000 after acquiring an additional 109 shares during the period. Dudley & Shanley Inc. boosted its position in shares of Fiserv by 3.3% during the 3rd quarter. Dudley & Shanley Inc. now owns 174,921 shares of the business services provider’s stock valued at $22,553,000 after acquiring an additional 5,577 shares in the last quarter. Finally, Legacy Private Trust Co. increased its stake in Fiserv by 12.6% in the third quarter. Legacy Private Trust Co. now owns 68,959 shares of the business services provider’s stock valued at $8,891,000 after acquiring an additional 7,730 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on FISV shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Citigroup cut their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and decreased their price target for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average target price of $121.08.

Insiders Place Their Bets

In related news, CFO Paul M. Todd bought 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The shares were bought 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 of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 34,900 shares of company stock valued at $2,211,971. Insiders own 1.00% of the company’s stock.

Fiserv Price Performance

Shares of FISV stock opened at $68.00 on Friday. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The stock has a market capitalization of $36.96 billion, a PE ratio of 10.51, a PEG ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s fifty day moving average is $79.82 and its 200-day moving average is $124.00.

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

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.