Fieldpoint Private Securities LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,050 shares of the business services provider’s stock, valued at approximately $393,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after purchasing an additional 518,262 shares during the period. BlackRock Inc. raised its holdings in shares of Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after purchasing an additional 528,274 shares during the period. FMR LLC raised its holdings in shares of Fiserv by 0.7% in the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after purchasing an additional 47,797 shares during the period. Longview Partners Guernsey LTD raised its holdings in shares of Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after purchasing an additional 1,020,121 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Fiserv by 7.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock worth $431,555,000 after purchasing an additional 232,005 shares during the period. Hedge funds and other institutional investors own 88.62% of the company’s stock.
In related news, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the sale, the insider now owns 330,835 shares in the company, valued at $41,533,025.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,563 shares of company stock worth $5,768,566. Company insiders own 1.80% of the company’s stock.
Shares of Fiserv, Inc. (FISV) opened at $130.81 on Thursday. The company has a market capitalization of $27,342.00, a PE ratio of 26.94, a P/E/G ratio of 2.25 and a beta of 0.82. 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, Inc. has a twelve month low of $104.51 and a twelve month high of $133.11.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.03). The company 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 quarter in the previous year, the business posted $1.14 earnings per share. research analysts predict that Fiserv, Inc. will post 5.08 earnings per share for the current year.
FISV has been the topic of a number of research reports. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird restated an “outperform” rating and issued a $146.00 price objective (up from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Cowen restated a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a report on Thursday, October 12th. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $128.00 price objective on shares of Fiserv in a report on Wednesday, September 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $130.41.
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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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