Checchi Capital Advisers LLC Has $581,000 Position in Fiserv Inc (FISV)

Checchi Capital Advisers LLC reduced its stake in shares of Fiserv Inc (NASDAQ:FISV) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,901 shares of the business services provider’s stock after selling 839 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Fiserv were worth $581,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FISV. Tandem Investment Advisors Inc. grew its position in shares of Fiserv by 3.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after acquiring an additional 141 shares in the last quarter. Cornerstone Advisors Inc. grew its position in shares of Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after acquiring an additional 146 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Fiserv by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after acquiring an additional 150 shares in the last quarter. LVM Capital Management Ltd. MI grew its position in shares of Fiserv by 2.3% in the 4th quarter. LVM Capital Management Ltd. MI now owns 7,079 shares of the business services provider’s stock worth $520,000 after acquiring an additional 159 shares in the last quarter. Finally, OLD Second National Bank of Aurora grew its position in shares of Fiserv by 0.4% in the 4th quarter. OLD Second National Bank of Aurora now owns 37,519 shares of the business services provider’s stock worth $2,757,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

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In related news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $73.98, for a total transaction of $3,699,000.00. Following the completion of the transaction, the insider now owns 320,014 shares in the company, valued at approximately $23,674,635.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 150,000 shares of company stock valued at $11,106,000 in the last 90 days. Insiders own 1.70% of the company’s stock.

Several brokerages have recently commented on FISV. Royal Bank of Canada upgraded Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price for the company in a research report on Monday, January 28th. Edward Jones lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. Buckingham Research began coverage on Fiserv in a research report on Thursday, February 7th. They issued a “buy” rating and a $100.00 target price for the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $83.00 target price on shares of Fiserv in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $86.49.

NASDAQ:FISV opened at $85.78 on Tuesday. Fiserv Inc has a 12-month low of $68.43 and a 12-month high of $86.29. The company has a market cap of $34.18 billion, a P/E ratio of 27.67, a P/E/G ratio of 2.03 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that Fiserv Inc will post 3.46 EPS for the current fiscal year.

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Fiserv 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; 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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