Ontario Teachers Pension Plan Board increased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,957 shares of the business services provider’s stock after buying an additional 1,984 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Fiserv were worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coastline Trust Co purchased a new position in Fiserv during the third quarter worth about $202,000. Univest Corp of Pennsylvania purchased a new position in Fiserv during the fourth quarter worth about $202,000. Paragon Capital Management Ltd purchased a new position in Fiserv during the third quarter worth about $206,000. Associated Banc Corp purchased a new position in Fiserv during the third quarter worth about $261,000. Finally, Claraphi Advisory Network LLC purchased a new position in Fiserv during the fourth quarter worth about $267,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.
Fiserv Inc (NASDAQ FISV) opened at $141.71 on Wednesday. The company has a market capitalization of $29,742.76, a PE ratio of 27.88, a PEG ratio of 1.99 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. Fiserv Inc has a twelve month low of $110.48 and a twelve month high of $144.20.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $1.16 EPS. equities research analysts anticipate that Fiserv Inc will post 6.22 earnings per share for the current year.
In other news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value of $2,356,030.00. Following the completion of the sale, the insider now owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,439 shares of company stock valued at $6,348,653. Insiders own 1.80% of the company’s stock.
Several equities analysts recently weighed in on FISV shares. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, February 13th. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Citigroup increased their target price on Fiserv from $138.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Cowen reiterated a “hold” rating and set a $135.00 target price on shares of Fiserv in a research report on Thursday, February 8th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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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