Bessemer Group Inc. grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 74.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,642 shares of the business services provider’s stock after purchasing an additional 1,559 shares during the quarter. Bessemer Group Inc.’s holdings in Fiserv were worth $470,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Fiserv during the second quarter valued at $104,000. Parallel Advisors LLC boosted its stake in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Fiserv during the second quarter valued at $122,000. Trust Co. of Vermont boosted its stake in shares of Fiserv by 53.3% during the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 453 shares during the period. Finally, Sun Life Financial INC boosted its stake in shares of Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC reaffirmed an “equal weight” rating and issued a $123.00 price objective (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Cowen and Company reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a research note on Thursday, August 3rd. Finally, Credit Suisse Group upped their price objective on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fiserv presently has an average rating of “Hold” and an average target price of $128.45.
In other news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,124 shares of company stock worth $7,133,943. Corporate insiders own 1.80% of the company’s stock.
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Shares of Fiserv, Inc. (FISV) opened at $128.39 on Friday. The company has a market cap of $27,080.00, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. Fiserv, Inc. has a 1 year low of $102.51 and a 1 year high of $130.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 earnings per share. equities research analysts predict that Fiserv, Inc. will post 5.08 EPS for the current year.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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