Parallel Advisors LLC Buys 459 Shares of Fiserv Inc (NASDAQ:FISV)

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Parallel Advisors LLC boosted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,580 shares of the business services provider’s stock after acquiring an additional 459 shares during the quarter. Parallel Advisors LLC’s holdings in Fiserv were worth $267,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Truewealth LLC boosted its stake in shares of Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Cordasco Financial Network bought a new position in shares of Fiserv in the 3rd quarter valued at about $29,000. Advantage Investment Management LLC boosted its stake in shares of Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 187 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Fiserv in the 3rd quarter valued at about $31,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Fiserv by 523.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter.

FISV stock traded up $0.96 during mid-day trading on Friday, hitting $110.61. 4,201,000 shares of the company were exchanged, compared to its average volume of 4,555,937. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $111.46. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The firm’s 50 day simple moving average is $104.63 and its 200 day simple moving average is $97.58. The firm has a market cap of $40.87 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts predict that Fiserv Inc will post 4.03 EPS for the current fiscal year.

In other Fiserv news, EVP Christopher M. Foskett sold 5,000 shares of Fiserv stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the transaction, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at $14,916,777.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Guy Chiarello sold 46,000 shares of Fiserv stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the transaction, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock valued at $13,422,250 over the last three months. 1.40% of the stock is owned by company insiders.

FISV has been the topic of several recent research reports. Berenberg Bank initiated coverage on shares of Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 target price on the stock. Robert W. Baird lifted their price objective on shares of Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. began coverage on shares of Fiserv in a research note on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective on the stock. SunTrust Banks lifted their price objective on shares of Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $107.85.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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