Fiserv Inc (FISV) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 29,605.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,497 shares of the business services provider’s stock after purchasing an additional 20,428 shares during the period. Tower Research Capital LLC TRC’s holdings in Fiserv were worth $1,519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sonora Investment Management LLC acquired a new position in shares of Fiserv during the 2nd quarter worth $106,000. Parallel Advisors LLC raised its stake in Fiserv by 100.0% in the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 750 shares during the last quarter. Dubuque Bank & Trust Co. grew its holdings in Fiserv by 96.9% in the 1st quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock valued at $107,000 after buying an additional 738 shares during the period. Fort L.P. purchased a new stake in Fiserv in the 2nd quarter valued at about $120,000. Finally, Braun Bostich & Associates Inc. grew its holdings in Fiserv by 515.8% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock valued at $127,000 after buying an additional 1,434 shares during the period. Institutional investors own 88.36% of the company’s stock.

FISV has been the subject of a number of research reports. SunTrust Banks boosted their target price on Fiserv to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. JPMorgan Chase & Co. cut Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 target price for the company. in a report on Tuesday, August 14th. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Wolfe Research initiated coverage on Fiserv in a report on Tuesday, July 17th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.90.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $78.64, for a total value of $3,932,000.00. Following the completion of the transaction, the insider now owns 467,380 shares in the company, valued at approximately $36,754,763.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 150,000 shares of company stock valued at $11,600,500. 1.80% of the stock is owned by company insiders.

Shares of NASDAQ:FISV opened at $81.34 on Friday. The stock has a market cap of $32.71 billion, a PE ratio of 28.34, a PEG ratio of 2.24 and a beta of 0.80. Fiserv Inc has a 1 year low of $60.19 and a 1 year high of $81.47. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. Fiserv’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. sell-side analysts forecast that Fiserv Inc will post 3.13 EPS for the current year.

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; 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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