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.
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