Ameritas Advisory Services LLC Buys 24,850 Shares of Fiserv, Inc. $FISV

Key Points

• Ameritas Advisory Services increased its Fiserv stake by 632.8% in the second quarter, buying 24,850 additional shares for a total holding of 28,777 shares worth approximately $1.41 million. Institutional investors collectively own 90.98% of the company.
• Fiserv’s shares were trading at $48.65, down 4.3%, after the company reported quarterly earnings of $1.84 per share versus the $1.91 consensus estimate. Revenue of $4.96 billion also missed expectations and declined 4.1% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $74.20, while insiders recently bought shares, including 10,000 shares each by a director and the CFO.

Ameritas Advisory Services LLC grew its position in Fiserv, Inc. (NASDAQ:FISV - Free Report) by 632.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,777 shares of the business services provider's stock after buying an additional 24,850 shares during the quarter. Ameritas Advisory Services LLC's holdings in Fiserv were worth $1,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WFA of San Diego LLC bought a new position in Fiserv during the 2nd quarter worth about $55,000. Private Wealth Asset Management LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $27,000. Tripletail Wealth Management LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Finally, Kimelman & Baird LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 4.3%

Shares of NASDAQ:FISV opened at $48.65 on Thursday. The business's 50-day moving average is $52.30 and its 200 day moving average is $55.04. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $136.60. The firm has a market capitalization of $25.87 billion, a P/E ratio of 9.34, a P/E/G ratio of 3.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv's revenue was down 4.1% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research cut Fiserv from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 19th. Raymond James Financial restated a "market perform" rating on shares of Fiserv in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $70.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Loop Capital cut their target price on Fiserv from $63.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, May 15th. Finally, Barclays set a $52.00 target price on shares of Fiserv and gave the stock an "equal weight" rating in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $74.20.

Insider Buying and Selling

In related news, Director Lance Fritz purchased 10,000 shares of the business's stock in a transaction on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director owned 27,207 shares of the company's stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Todd acquired 10,060 shares of the stock in a transaction dated 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 purchase, the chief financial officer directly owned 184,107 shares of the company's stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.06% of the company's stock.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company's products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.

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