Boston Financial Mangement LLC Buys 143 Shares of Fiserv, Inc. (NASDAQ:FISV)

Posted by Defense World Staff on Apr 10th, 2023

Boston Financial Mangement LLC raised its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,542 shares of the business services provider’s stock after purchasing an additional 143 shares during the quarter. Boston Financial Mangement LLC’s holdings in Fiserv were worth $358,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Peddock Capital Advisors LLC increased its stake in Fiserv by 0.4% during the third quarter. Peddock Capital Advisors LLC now owns 26,558 shares of the business services provider’s stock valued at $2,485,000 after acquiring an additional 100 shares during the period. Boenning & Scattergood Inc. lifted its position in Fiserv by 0.4% in the fourth quarter. Boenning & Scattergood Inc. now owns 26,702 shares of the business services provider’s stock worth $2,708,000 after purchasing an additional 100 shares during the period. Naples Global Advisors LLC boosted its stake in Fiserv by 3.0% during the fourth quarter. Naples Global Advisors LLC now owns 3,478 shares of the business services provider’s stock worth $352,000 after buying an additional 101 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Fiserv by 3.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,042 shares of the business services provider’s stock valued at $307,000 after buying an additional 104 shares during the period. Finally, Money Concepts Capital Corp raised its stake in shares of Fiserv by 7.2% in the 3rd quarter. Money Concepts Capital Corp now owns 1,567 shares of the business services provider’s stock valued at $147,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $113.01 on Monday. The company has a market capitalization of $70.86 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.27 and a beta of 0.85. The firm’s 50 day simple moving average is $112.88 and its 200 day simple moving average is $104.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a fifty-two week low of $87.03 and a fifty-two week high of $119.48.

Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The business services provider reported $1.91 EPS for the quarter, meeting analysts’ consensus estimates of $1.91. Fiserv had a net margin of 14.26% and a return on equity of 13.32%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv, Inc. will post 7.32 earnings per share for the current year.

Fiserv declared that its board has authorized a share repurchase plan on Thursday, February 23rd that allows the company to repurchase 75,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Fiserv news, CRO Christopher M. Foskett sold 9,000 shares of Fiserv stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $111.00, for a total value of $999,000.00. Following the transaction, the executive now owns 97,665 shares of the company’s stock, valued at $10,840,815. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Fiserv news, COO Guy Chiarello sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the chief operating officer now owns 211,356 shares in the company, valued at approximately $24,250,987.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Christopher M. Foskett sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $111.00, for a total transaction of $999,000.00. Following the transaction, the executive now directly owns 97,665 shares of the company’s stock, valued at $10,840,815. The disclosure for this sale can be found here. In the last three months, insiders sold 29,000 shares of company stock valued at $3,184,560. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FISV has been the subject of a number of recent research reports. Truist Financial increased their target price on Fiserv from $95.00 to $105.00 in a report on Wednesday, February 8th. Mizuho restated a “buy” rating and issued a $135.00 target price on shares of Fiserv in a research note on Wednesday, February 8th. Royal Bank of Canada increased their target price on shares of Fiserv from $123.00 to $131.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Tigress Financial restated a “buy” rating and issued a $154.00 price target (up from $152.00) on shares of Fiserv in a research report on Friday, February 24th. Finally, Citigroup raised their price objective on shares of Fiserv from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.95.

Fiserv Company Profile

(Get Rating)

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

Boston Financial Mangement LLC Buys 143 Shares of Fiserv, Inc. (NASDAQ:FISV)

Fiserv Stock Performance

Insider Buying and Selling

Wall Street Analysts Forecast Growth

Fiserv Company Profile

Further Reading

You might be interested in: