Oppenheimer & Co. Inc. Has $500,000 Holdings in Fiserv, Inc. (NASDAQ:FISV)

Oppenheimer & Co. Inc. grew its holdings in shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,952 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. Oppenheimer & Co. Inc.’s holdings in Fiserv were worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartford Investment Management Co. grew its position in shares of Fiserv by 10.0% during the 3rd quarter. Hartford Investment Management Co. now owns 64,479 shares of the business services provider’s stock worth $6,033,000 after purchasing an additional 5,847 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Fiserv by 12.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,126 shares of the business services provider’s stock worth $9,462,000 after acquiring an additional 11,385 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Fiserv by 10.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,839 shares of the business services provider’s stock worth $173,000 after acquiring an additional 170 shares in the last quarter. CWM LLC boosted its position in shares of Fiserv by 17.1% during the 4th quarter. CWM LLC now owns 17,551 shares of the business services provider’s stock worth $1,774,000 after acquiring an additional 2,567 shares in the last quarter. Finally, Goldstein Advisors LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 88.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FISV. Wells Fargo & Company increased their price target on shares of Fiserv from $101.00 to $104.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 8th. The Goldman Sachs Group increased their price target on shares of Fiserv from $111.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, April 13th. Stephens increased their price target on shares of Fiserv from $120.00 to $125.00 in a research report on Wednesday, April 26th. JPMorgan Chase & Co. raised their target price on shares of Fiserv from $121.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Finally, Raymond James raised their target price on shares of Fiserv from $109.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $132.16.

Insiders Place Their Bets

In other Fiserv news, CFO Robert W. Hau sold 8,500 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $119.33, for a total value of $1,014,305.00. Following the completion of the sale, the chief financial officer now directly owns 133,491 shares in the company, valued at $15,929,481.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Guy Chiarello sold 8,000 shares of Fiserv stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $121.69, for a total transaction of $973,520.00. Following the completion of the transaction, the chief operating officer now directly owns 195,356 shares in the company, valued at $23,772,871.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert W. Hau sold 8,500 shares of Fiserv stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $119.33, for a total transaction of $1,014,305.00. Following the transaction, the chief financial officer now owns 133,491 shares of the company’s stock, valued at $15,929,481.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,500 shares of company stock worth $3,904,745. 1.00% of the stock is currently owned by company insiders.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $119.45 on Friday. Fiserv, Inc. has a twelve month low of $87.03 and a twelve month high of $122.39. The firm has a fifty day simple moving average of $115.10 and a 200 day simple moving average of $108.25. The company has a market capitalization of $75.03 billion, a PE ratio of 31.52, a P/E/G ratio of 1.32 and a beta of 0.85. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.71.

Fiserv (NASDAQ:FISV – Get Rating) last announced its earnings results on Tuesday, April 25th. The business services provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.17 billion. Fiserv had a net margin of 13.36% and a return on equity of 13.68%. Fiserv’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 earnings per share. On average, sell-side analysts forecast that Fiserv, Inc. will post 7.36 EPS for the current year.

Fiserv declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 23rd that allows the company to buyback 75,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Fiserv Company Profile

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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.