Fiserv, Inc. $FISV Shares Purchased by Jacobs & Co. CA

Jacobs & Co. CA boosted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 18.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,698 shares of the business services provider’s stock after acquiring an additional 9,705 shares during the quarter. Jacobs & Co. CA’s holdings in Fiserv were worth $8,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FISV. SageView Advisory Group LLC raised its holdings in shares of Fiserv by 4.0% in the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after purchasing an additional 62 shares in the last quarter. 17 Capital Partners LLC grew its position in Fiserv by 0.9% in the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after buying an additional 70 shares during the last quarter. Abacus Wealth Partners LLC increased its holdings in shares of Fiserv by 1.6% in the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock valued at $794,000 after buying an additional 72 shares in the last quarter. ICW Investment Advisors LLC lifted its position in shares of Fiserv by 0.7% during the 1st quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock valued at $2,351,000 after acquiring an additional 77 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Fiserv by 2.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 77 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

FISV stock opened at $68.75 on Monday. The firm has a 50 day simple moving average of $84.45 and a 200 day simple moving average of $126.09. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The stock has a market cap of $37.37 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.65 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.

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

Analysts Set New Price Targets

FISV has been the subject of several analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a report on Wednesday, October 22nd. Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on shares of Fiserv in a research report on Thursday, October 16th. Finally, BTIG Research restated a “buy” rating and issued a $180.00 price target on shares of Fiserv in a research report on Wednesday, October 29th. Ten 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $121.08.

Insider Buying and Selling

In other news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam L. Rosman bought 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 34,900 shares of company stock worth $2,211,971. Corporate insiders own 0.75% of the company’s stock.

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.