Westpac Banking Corp reduced its holdings in Fiserv Inc (NASDAQ:FISV) by 20.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,705 shares of the business services provider’s stock after selling 11,702 shares during the quarter. Westpac Banking Corp’s holdings in Fiserv were worth $6,124,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sun Life Financial INC increased its stake in Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the last quarter. Coastline Trust Co bought a new position in Fiserv in the 3rd quarter worth about $202,000. Paragon Capital Management Ltd bought a new position in Fiserv in the 3rd quarter worth about $206,000. Associated Banc Corp bought a new position in shares of Fiserv during the 3rd quarter valued at about $261,000. Finally, Crow Point Partners LLC increased its position in shares of Fiserv by 247.0% during the 3rd quarter. Crow Point Partners LLC now owns 2,186 shares of the business services provider’s stock valued at $280,000 after purchasing an additional 1,556 shares during the last quarter. Institutional investors and hedge funds own 88.50% of the company’s stock.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the transaction, the insider now directly owns 203,051 shares in the company, valued at approximately $28,140,838.09. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by corporate insiders.
Fiserv Inc (FISV) opened at $138.11 on Friday. 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 1 year low of $104.51 and a 1 year high of $139.25. The stock has a market capitalization of $28,781.99, a P/E ratio of 28.36, a P/E/G ratio of 2.10 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. Fiserv’s revenue was up 1.4% compared to the same quarter last year. analysts predict that Fiserv Inc will post 5.08 earnings per share for the current year.
Several brokerages have recently commented on FISV. Credit Suisse Group increased their price objective on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday. Argus set a $148.00 price objective on Fiserv and gave the company a “buy” rating in a research report on Friday, January 12th. Barclays reiterated a “hold” rating and set a $141.00 price objective on shares of Fiserv in a research report on Friday, January 5th. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, SunTrust Banks reiterated a “hold” rating and set a $130.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $133.72.
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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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