Arizona State Retirement System increased its position in shares of Fiserv Inc (NASDAQ:FISV) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,536 shares of the business services provider’s stock after buying an additional 2,644 shares during the period. Arizona State Retirement System’s holdings in Fiserv were worth $9,643,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its holdings in Fiserv by 10.9% during the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after buying an additional 7,944 shares during the last quarter. Huntington National Bank increased its holdings in Fiserv by 3.1% during the third quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock worth $28,259,000 after buying an additional 6,646 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Fiserv during the third quarter worth $1,290,000. American National Bank increased its holdings in Fiserv by 2.8% during the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock worth $5,356,000 after buying an additional 1,115 shares during the last quarter. Finally, Westpac Banking Corp increased its holdings in Fiserv by 323.3% during the third quarter. Westpac Banking Corp now owns 58,407 shares of the business services provider’s stock worth $7,532,000 after buying an additional 44,609 shares during the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.
A number of equities analysts recently weighed in on FISV shares. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Barclays reaffirmed a “hold” rating and set a $141.00 price objective on shares of Fiserv in a research report on Friday, January 5th. SunTrust Banks reaffirmed a “hold” rating and set a $130.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Credit Suisse Group lifted their price objective on shares of Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Fiserv currently has an average rating of “Hold” and a consensus price target of $140.73.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction dated 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. In the last three months, insiders sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is currently owned by company insiders.
Fiserv Inc (FISV) opened at $142.72 on Monday. 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 Inc has a 52-week low of $110.44 and a 52-week high of $144.20. The company has a market cap of $29,742.71, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.99 and a beta of 0.87.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. Fiserv’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 earnings per share. equities analysts predict that Fiserv Inc will post 6.22 EPS for the current 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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