Fiserv, Inc. $FISV Shares Purchased by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. boosted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 32.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,145 shares of the business services provider’s stock after acquiring an additional 14,464 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Fiserv were worth $2,672,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC raised its holdings in shares of Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 195 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Fiserv by 10.4% in the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after purchasing an additional 215 shares in the last quarter. Intelligence Driven Advisers LLC boosted its holdings in Fiserv by 4.0% in the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock worth $296,000 after purchasing an additional 250 shares in the last quarter. Plan A Wealth LLC boosted its holdings in Fiserv by 4.2% in the third quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock worth $309,000 after purchasing an additional 277 shares in the last quarter. Finally, Gilpin Wealth Management LLC increased its position in Fiserv by 22.6% during the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after buying an additional 281 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other news, Director Lance Fritz purchased 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FISV. JPMorgan Chase & Co. cut their target price on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Oppenheimer lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 8th. B. Riley Financial lowered their price objective on Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $70.21.

Fiserv Stock Performance

NASDAQ FISV opened at $46.07 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $24.50 billion, a price-to-earnings ratio of 6.09, a P/E/G ratio of 4.66 and a beta of 0.80. The company’s fifty day moving average is $49.68 and its two-hundred day moving average is $52.84. Fiserv, Inc. has a 52-week low of $43.87 and a 52-week high of $128.78.

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 the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities research analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.