Jag Capital Management LLC decreased its position in Fiserv Inc (NASDAQ:FISV) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,440 shares of the business services provider’s stock after selling 1,488 shares during the quarter. Jag Capital Management LLC’s holdings in Fiserv were worth $2,418,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sun Life Financial INC increased its stake in shares of 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 valued at $190,000 after acquiring an additional 1,539 shares during the last quarter. Coastline Trust Co bought a new stake in Fiserv during the 3rd quarter worth approximately $202,000. Univest Corp of Pennsylvania bought a new position in shares of Fiserv during the 4th quarter worth approximately $202,000. Paragon Capital Management Ltd bought a new position in shares of Fiserv during the 3rd quarter worth approximately $206,000. Finally, Associated Banc Corp bought a new position in shares of Fiserv during the 3rd quarter worth approximately $261,000. 88.30% of the stock is currently owned by institutional investors and hedge funds.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,439 shares of company stock valued at $6,605,353. Corporate insiders own 1.80% of the company’s stock.
Fiserv Inc (NASDAQ:FISV) traded down $0.63 during trading on Wednesday, hitting $138.40. The company had a trading volume of 1,293,545 shares, compared to its average volume of 1,262,275. Fiserv Inc has a one year low of $110.03 and a one year high of $144.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $28,900.00, a price-to-earnings ratio of 24.15, a P/E/G ratio of 1.95 and a beta of 0.87.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 earnings per share. analysts predict that Fiserv Inc will post 6.18 EPS for the current year.
Several brokerages have recently weighed in on FISV. BMO Capital Markets raised their price target on shares of Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a research note on Thursday, February 8th. Stephens reissued a “hold” rating and issued a $146.00 price objective on shares of Fiserv in a report on Friday, February 9th. Guggenheim reaffirmed a “buy” rating and set a $160.00 price target on shares of Fiserv in a report on Monday, January 29th. Argus set a $148.00 price target on Fiserv and gave the company a “buy” rating in a report on Friday, January 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $140.73.
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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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