Gilbert & Cook Inc. Acquires 227 Shares of Fiserv Inc (NASDAQ:FISV)

Gilbert & Cook Inc. boosted its holdings in Fiserv Inc (NASDAQ:FISV) by 9.7% in the third quarter, HoldingsChannel reports. The firm owned 2,567 shares of the business services provider’s stock after purchasing an additional 227 shares during the period. Gilbert & Cook Inc.’s holdings in Fiserv were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Baystate Wealth Management LLC boosted its holdings in shares of Fiserv by 13.7% during the second quarter. Baystate Wealth Management LLC now owns 4,719 shares of the business services provider’s stock worth $437,000 after purchasing an additional 568 shares during the period. Fulton Bank N.A. boosted its holdings in shares of Fiserv by 7.0% during the second quarter. Fulton Bank N.A. now owns 18,407 shares of the business services provider’s stock worth $1,678,000 after purchasing an additional 1,204 shares during the period. Summit Financial Group Inc. boosted its holdings in shares of Fiserv by 1.7% during the second quarter. Summit Financial Group Inc. now owns 19,916 shares of the business services provider’s stock worth $1,816,000 after purchasing an additional 338 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Fiserv by 12.4% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 20,313 shares of the business services provider’s stock worth $1,852,000 after purchasing an additional 2,242 shares during the period. Finally, Cooper Financial Group acquired a new stake in shares of Fiserv during the second quarter worth approximately $212,000.

In other news, insider Guy Chiarello sold 46,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the sale, the insider now owns 372,447 shares in the company, valued at approximately $40,112,541.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the sale, the chairman now owns 291,429 shares in the company, valued at approximately $31,314,046.05. The disclosure for this sale can be found here. Insiders sold a total of 126,000 shares of company stock worth $13,422,250 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Shares of NASDAQ:FISV traded up $0.96 during trading on Friday, reaching $110.61. The stock had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $111.46. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a fifty day simple moving average of $104.63 and a two-hundred day simple moving average of $97.58. The firm has a market capitalization of $40.87 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78.

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Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. On average, analysts forecast that Fiserv Inc will post 4.03 EPS for the current year.

Several analysts recently commented on the stock. Wedbush raised their price target on shares of Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Fiserv in a research report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective on the stock. Berenberg Bank initiated coverage on shares of Fiserv in a research report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price objective on the stock. Oppenheimer raised their price objective on shares of Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their price objective on shares of Fiserv from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. Fiserv currently has an average rating of “Buy” and an average price target of $107.85.

Fiserv Company 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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Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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