Accident Compensation Corp Reduces Holdings in Fiserv Inc (FISV)

Accident Compensation Corp lessened its stake in shares of Fiserv Inc (NASDAQ:FISV) by 61.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,143 shares of the business services provider’s stock after selling 3,352 shares during the period. Accident Compensation Corp’s holdings in Fiserv were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Coastline Trust Co purchased a new stake in shares of Fiserv during the 3rd quarter valued at about $202,000. Univest Corp of Pennsylvania purchased a new stake in shares of Fiserv during the 4th quarter valued at about $202,000. Paragon Capital Management Ltd purchased a new stake in shares of Fiserv during the 3rd quarter valued at about $206,000. Associated Banc Corp purchased a new stake in shares of Fiserv during the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at about $267,000. 88.30% of the stock is owned by institutional investors and hedge funds.

FISV has been the topic of several recent research reports. Cantor Fitzgerald restated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Citigroup upped their target price on shares of Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Cowen restated a “hold” rating and set a $135.00 target price on shares of Fiserv in a research report on Thursday, February 8th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Fiserv presently has an average rating of “Hold” and an average price target of $139.86.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were 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 of the company’s stock, valued at $28,140,838.09. The sale was disclosed in a filing with the SEC, which is accessible 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 transaction of $256,700.00. Following the transaction, the insider now directly 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 ninety days, insiders have sold 49,439 shares of company stock worth $6,605,353. Corporate insiders own 1.80% of the company’s stock.

Shares of Fiserv Inc (FISV) opened at $138.64 on Tuesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.01. Fiserv Inc has a 1 year low of $108.85 and a 1 year high of $144.20. The firm has a market cap of $28,890.00, a PE ratio of 24.20, a P/E/G ratio of 1.93 and a beta of 0.87.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. equities research analysts predict that Fiserv Inc will post 6.18 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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