Canoe Financial LP Boosts Stock Holdings in Fiserv, Inc. $FISV

Canoe Financial LP grew its position in Fiserv, Inc. (NASDAQ:FISV) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,419 shares of the business services provider’s stock after acquiring an additional 114,955 shares during the quarter. Canoe Financial LP owned about 0.08% of Fiserv worth $53,958,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Fiserv in the second quarter worth about $34,000. Clear Street LLC acquired a new position in Fiserv during the second quarter worth about $34,000. Christopher J. Hasenberg Inc grew its stake in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NASDAQ:FISV opened at $67.95 on Friday. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. 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 company has a 50 day moving average price of $74.46 and a 200 day moving average price of $120.67. The stock has a market capitalization of $36.94 billion, a P/E ratio of 10.50, a PEG ratio of 2.62 and a beta of 0.80.

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

Insider Transactions at Fiserv

In other Fiserv news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Seaport Res Ptn cut Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Jefferies Financial Group cut their target price on Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a research report on Monday. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $119.58.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.