Reynders McVeigh Capital Management LLC boosted its stake in Fiserv Inc (NASDAQ:FISV) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,040 shares of the business services provider’s stock after purchasing an additional 7,597 shares during the quarter. Fiserv comprises about 1.2% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 28th biggest position. Reynders McVeigh Capital Management LLC’s holdings in Fiserv were worth $9,315,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Coastline Trust Co bought a new position in shares of Fiserv in the third quarter valued at $202,000. Univest Corp of Pennsylvania bought a new position in shares of Fiserv during the fourth quarter valued at about $202,000. Paragon Capital Management Ltd bought a new position in shares of Fiserv during the third quarter valued at about $206,000. Associated Banc Corp bought a new position in shares of Fiserv during the third quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC bought a new position in shares of Fiserv during the fourth quarter valued at about $267,000. Institutional investors and hedge funds own 88.30% of the company’s stock.
A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a research report on Thursday, February 8th. Stephens reissued a “hold” rating and set a $146.00 price target on shares of Fiserv in a research report on Friday, February 9th. Guggenheim restated a “buy” rating and set a $160.00 price objective on shares of Fiserv in a report on Monday, January 29th. Argus set a $148.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, SunTrust Banks restated a “hold” rating and set a $130.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and a consensus target price of $140.73.
Shares of Fiserv Inc (NASDAQ:FISV) traded down $0.53 during trading hours on Wednesday, reaching $138.50. 344,670 shares of the company traded hands, compared to its average volume of 1,221,769. The stock has a market capitalization of $28,900.00, a PE ratio of 24.17, a P/E/G ratio of 1.95 and a beta of 0.87. Fiserv Inc has a 12 month low of $110.03 and a 12 month high of $144.20. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. Fiserv’s revenue for the quarter was up 5.9% on a year-over-year basis. equities analysts anticipate that Fiserv Inc will post 6.18 earnings per share for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is currently owned by company insiders.
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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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