2,600 Shares in Fiserv Inc (FISV) Acquired by Meyer Handelman Co.

Meyer Handelman Co. acquired a new stake in shares of Fiserv Inc (NASDAQ:FISV) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,600 shares of the business services provider’s stock, valued at approximately $224,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new position in Fiserv during the 1st quarter valued at about $128,000. Janney Montgomery Scott LLC lifted its stake in Fiserv by 28.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 70,208 shares of the business services provider’s stock valued at $6,198,000 after acquiring an additional 15,748 shares during the period. SeaTown Holdings Pte. Ltd. bought a new position in Fiserv during the 1st quarter valued at about $31,781,000. Osborn Williams & Donohoe LLC bought a new position in Fiserv during the 1st quarter valued at about $64,000. Finally, Duncker Streett & Co. Inc. lifted its stake in Fiserv by 5.1% during the 1st quarter. Duncker Streett & Co. Inc. now owns 40,800 shares of the business services provider’s stock valued at $3,602,000 after acquiring an additional 1,990 shares during the period. 94.99% of the stock is currently owned by institutional investors.

Fiserv stock traded down $0.30 during midday trading on Friday, hitting $86.90. The stock had a trading volume of 1,901,014 shares, compared to its average volume of 4,968,163. The firm has a market capitalization of $34.10 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.13 and a beta of 0.80. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, analysts predict that Fiserv Inc will post 3.46 EPS for the current year.

In other Fiserv news, insider Kenneth Best sold 13,280 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total transaction of $1,128,136.00. Following the completion of the sale, the insider now directly owns 38,364 shares of the company’s stock, valued at approximately $3,259,021.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the sale, the insider now directly owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The disclosure for this sale can be found here. Insiders sold a total of 129,912 shares of company stock valued at $11,034,771 over the last three months. 1.40% of the stock is currently owned by insiders.

FISV has been the topic of several research analyst reports. Royal Bank of Canada upgraded shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price on the stock in a research note on Monday, January 28th. Cowen upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $80.59 target price on the stock in a research note on Thursday, January 24th. Cantor Fitzgerald reiterated a “hold” rating and issued a $83.00 price objective on shares of Fiserv in a research note on Friday, February 8th. SunTrust Banks reiterated a “hold” rating and issued a $85.21 price objective on shares of Fiserv in a research note on Tuesday, January 29th. Finally, BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus target price of $89.59.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Sundance Herald and is owned by of Sundance Herald. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://sundanceherald.com/2019/05/24/meyer-handelman-co-purchases-new-stake-in-fiserv-inc-fisv.html.

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.

Read More: Book Value Per Share – BVPS

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply