Sanctuary Advisors LLC Acquires New Stake in Fiserv, Inc. $FISV

Sanctuary Advisors LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, HoldingsChannel.com reports. The fund acquired 20,257 shares of the business services provider’s stock, valued at approximately $994,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC increased its holdings in Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in Fiserv by 21.0% in the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 483 shares during the last quarter. Jump Financial LLC purchased a new position in Fiserv during the 2nd quarter valued at about $1,001,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FISV has been the topic of several analyst reports. Robert W. Baird set a $78.00 price objective on Fiserv in a report on Wednesday, May 6th. Susquehanna dropped their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price target (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. Finally, Loop Capital dropped their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average target price of $74.20.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is currently owned by insiders.

Fiserv Stock Performance

Fiserv stock opened at $52.58 on Friday. The firm has a market capitalization of $27.96 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80. Fiserv, Inc. has a one year low of $47.04 and a one year high of $138.85. The stock’s 50 day moving average price is $51.65 and its 200 day moving average price is $55.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

About Fiserv

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.