Eaton Vance Management grew its position in Fiserv Inc (NASDAQ:FISV) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,610 shares of the business services provider’s stock after purchasing an additional 30,968 shares during the quarter. Eaton Vance Management owned approximately 0.12% of Fiserv worth $33,124,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Univest Corp of Pennsylvania acquired a new stake in Fiserv during the 4th quarter worth $202,000. Coastline Trust Co acquired a new stake in Fiserv during the 3rd quarter worth $202,000. Paragon Capital Management Ltd acquired a new stake in Fiserv during the 3rd quarter worth $206,000. Associated Banc Corp acquired a new stake in Fiserv during the 3rd quarter worth $261,000. Finally, Claraphi Advisory Network LLC acquired a new stake in Fiserv during the 4th quarter worth $267,000. Institutional investors and hedge funds own 86.71% of the company’s stock.
Several equities research analysts recently commented on the stock. SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Cowen restated a “hold” rating and issued a $135.00 price objective on shares of Fiserv in a research note on Thursday, February 8th. BMO Capital Markets lifted their price objective on shares of Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a research note on Thursday, February 8th. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a research note on Wednesday, February 7th. Finally, Robert W. Baird lifted their price objective on shares of Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $140.73.
Shares of Fiserv Inc (NASDAQ FISV) opened at $146.19 on Friday. The firm has a market cap of $29,361.05, a PE ratio of 25.21, 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 fifty-two week low of $113.29 and a fifty-two week high of $146.26.
Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. sell-side analysts expect that Fiserv Inc will post 6.22 EPS for the current year.
In other news, Director Harry Disimone bought 353 shares of the stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average price of $141.59 per share, with a total value of $49,981.27. Following the completion of the acquisition, the director now directly owns 154 shares in the company, valued at $21,804.86. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of Fiserv 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 ninety days, insiders sold 76,599 shares of company stock worth $10,489,845. Insiders own 1.80% of the company’s stock.
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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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