Northern Oak Wealth Management Inc. Has $272,000 Holdings in Fiserv Inc (FISV)

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Northern Oak Wealth Management Inc. lessened its stake in Fiserv Inc (NASDAQ:FISV) by 26.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,700 shares of the business services provider’s stock after selling 1,300 shares during the period. Northern Oak Wealth Management Inc.’s holdings in Fiserv were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. We Are One Seven LLC purchased a new position in Fiserv in the fourth quarter valued at about $27,000. Destination Wealth Management purchased a new stake in shares of Fiserv during the fourth quarter worth about $30,000. JOYN Advisors Inc. grew its stake in shares of Fiserv by 80.0% during the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after acquiring an additional 180 shares during the last quarter. WESPAC Advisors SoCal LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $31,000. Finally, Legacy Financial Advisors Inc. grew its stake in shares of Fiserv by 114.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 553 shares of the business services provider’s stock worth $41,000 after acquiring an additional 295 shares during the last quarter. Institutional investors own 87.58% of the company’s stock.

Shares of NASDAQ:FISV opened at $85.09 on Tuesday. Fiserv Inc has a 12-month low of $68.43 and a 12-month high of $87.26. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 2.08 and a beta of 0.82. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 1.11.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $0.71 earnings per share. Fiserv’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv Inc will post 3.45 EPS for the current year.

A number of equities research analysts have recently weighed in on FISV shares. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald restated a “hold” rating and set a $73.00 price target on shares of Fiserv in a research note on Wednesday, January 16th. Edward Jones upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $74.50 to $88.00 in a research note on Friday, January 18th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $85.21 target price on shares of Fiserv in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $86.49.

In other news, Director Kim M. Robak sold 10,904 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the transaction, the director now directly owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $73.98, for a total value of $3,699,000.00. Following the transaction, the insider now directly owns 320,014 shares of the company’s stock, valued at $23,674,635.72. The disclosure for this sale can be found here. Insiders sold 187,912 shares of company stock valued at $14,746,371 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

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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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