Penserra Capital Management LLC Boosts Position in Fiserv Inc (NASDAQ:FISV)

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Penserra Capital Management LLC boosted its holdings in Fiserv Inc (NASDAQ:FISV) by 117.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,142 shares of the business services provider’s stock after purchasing an additional 617 shares during the quarter. Penserra Capital Management LLC’s holdings in Fiserv were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Truewealth LLC raised its stake in Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after acquiring an additional 103 shares in the last quarter. Cordasco Financial Network purchased a new position in shares of Fiserv during the third quarter worth about $29,000. Advantage Investment Management LLC increased its position in shares of Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Fiserv during the third quarter worth about $31,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Fiserv by 523.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Fiserv stock opened at $114.28 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50 day simple moving average of $109.27 and a 200-day simple moving average of $100.87. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $117.04. The stock has a market capitalization of $79.03 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.42 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. As a group, equities research analysts anticipate that Fiserv Inc will post 4.01 EPS for the current year.

A number of analysts recently issued reports on FISV shares. JPMorgan Chase & Co. assumed coverage on Fiserv in a research report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 target price for the company. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Monday, November 11th. Robert W. Baird lifted their price target on Fiserv from $112.00 to $122.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. ValuEngine cut Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer increased their price objective on Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.24.

In other news, EVP Christopher M. Foskett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the transaction, the executive vice president now directly owns 140,248 shares in the company, valued at $14,916,777.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Guy Chiarello sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $114.28, for a total transaction of $3,428,400.00. Following the transaction, the insider now directly owns 326,103 shares of the company’s stock, valued at $37,267,050.84. The disclosure for this sale can be found here. Insiders sold a total of 128,000 shares of company stock valued at $14,104,970 in the last 90 days. Company insiders own 1.40% of the company’s stock.

About Fiserv

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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