RMB Capital Management LLC Has $8.30 Million Stock Holdings in Fiserv Inc (NASDAQ:FISV)

RMB Capital Management LLC lifted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 15.9% during the first quarter, Holdings Channel reports. The firm owned 87,329 shares of the business services provider’s stock after purchasing an additional 11,994 shares during the quarter. RMB Capital Management LLC’s holdings in Fiserv were worth $8,295,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Braun Bostich & Associates Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $26,000. Savior LLC acquired a new position in Fiserv during the fourth quarter valued at $28,000. Howard Wealth Management LLC acquired a new position in Fiserv during the fourth quarter valued at $32,000. Virtus ETF Advisers LLC acquired a new position in Fiserv during the fourth quarter valued at $32,000. Finally, Stephenson National Bank & Trust acquired a new position in Fiserv during the fourth quarter valued at $36,000. 92.62% of the stock is currently owned by institutional investors.

NASDAQ:FISV traded up $0.35 during mid-day trading on Friday, hitting $103.93. 3,004,717 shares of the company’s stock traded hands, compared to its average volume of 4,695,580. The firm has a 50 day moving average of $98.55 and a two-hundred day moving average of $109.12. Fiserv Inc has a 12 month low of $73.50 and a 12 month high of $125.05. The firm has a market capitalization of $69.35 billion, a price-to-earnings ratio of 57.10, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 150.9% compared to the same quarter last year. As a group, equities research analysts expect that Fiserv Inc will post 4.36 earnings per share for the current year.

In other Fiserv news, CEO Jeffery W. Yabuki sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $104.78, for a total value of $31,434,000.00. Following the completion of the sale, the chief executive officer now owns 357,023 shares in the company, valued at approximately $37,408,869.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $100.30, for a total value of $1,003,000.00. Following the completion of the sale, the chief executive officer now owns 365,537 shares of the company’s stock, valued at approximately $36,663,361.10. The disclosure for this sale can be found here. Insiders sold a total of 330,000 shares of company stock valued at $34,308,400 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Several brokerages have weighed in on FISV. Deutsche Bank dropped their target price on Fiserv from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Robert W. Baird dropped their target price on Fiserv from $143.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $107.00 target price on shares of Fiserv in a research report on Thursday, May 7th. Susquehanna Bancshares raised Fiserv from a “neutral” rating to a “positive” rating and upped their target price for the stock from $108.00 to $114.00 in a research report on Thursday, May 14th. Finally, Credit Suisse Group upped their target price on Fiserv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $120.39.

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; Internet and 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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