Sanctuary Advisors LLC Buys Shares of 20,257 Fiserv, Inc. $FISV

by · The Cerbat Gem

Sanctuary Advisors LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,257 shares of the business services provider’s stock, valued at approximately $994,000.

Other institutional investors have also modified their holdings of the company. Private Wealth Asset Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $25,000. Kimelman & Baird LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $27,000. Goodman Advisory Group LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Fiserv in the fourth quarter worth $27,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth $29,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Fiserv Stock Up 0.2%

FISV stock opened at $52.58 on Friday. The stock has a market cap of $27.96 billion, a P/E ratio of 10.09, a PEG ratio of 3.95 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $138.85. The company’s 50 day moving average is $51.65 and its two-hundred day moving average is $55.62.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on FISV shares. Citigroup reiterated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Robert W. Baird set a $78.00 price target on Fiserv in a research report on Wednesday, May 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $53.00 price objective (down from $62.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Barclays set a $52.00 target price on shares of Fiserv and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, B. Riley Financial reduced their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Six equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.20.

Read Our Latest Research Report on Fiserv

Fiserv Company Profile

(Free Report)

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.

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