DnB Asset Management AS boosted its position in shares of Fiserv Inc (NASDAQ:FISV) by 14.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,670 shares of the business services provider’s stock after buying an additional 5,300 shares during the quarter. DnB Asset Management AS’s holdings in Fiserv were worth $5,464,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Copper Rock Capital Partners LLC lifted its holdings in Fiserv by 30.1% during the 4th quarter. Copper Rock Capital Partners LLC now owns 53,724 shares of the business services provider’s stock worth $7,091,000 after buying an additional 12,423 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Fiserv by 6.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 598,840 shares of the business services provider’s stock worth $77,226,000 after buying an additional 35,111 shares in the last quarter. AXA lifted its holdings in Fiserv by 3.8% during the 3rd quarter. AXA now owns 184,300 shares of the business services provider’s stock worth $23,767,000 after buying an additional 6,700 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Fiserv during the 3rd quarter worth $881,000. Finally, Coastline Trust Co acquired a new position in Fiserv during the 3rd quarter worth $202,000. 88.46% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 price objective (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. SunTrust Banks reaffirmed a “hold” rating and set a $130.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Cowen reissued a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday, October 12th. Barclays reissued a “hold” rating and issued a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $131.70.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $127.22, for a total value of $2,162,740.00. Following the sale, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,412,063 in the last ninety days. 1.80% of the stock is currently owned by company insiders.
Fiserv Inc (NASDAQ:FISV) opened at $137.83 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $28,720.00, a price-to-earnings ratio of 32.74, a PEG ratio of 2.04 and a beta of 0.82. Fiserv Inc has a 12 month low of $104.51 and a 12 month high of $137.91.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. sell-side analysts forecast that Fiserv Inc will post 5.08 earnings per share for the current year.
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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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