Fiserv (FISV) Shares Bought by BTC Capital Management Inc.

BTC Capital Management Inc. grew its stake in Fiserv (NASDAQ:FISV) by 126.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,669 shares of the business services provider’s stock after acquiring an additional 33,371 shares during the period. BTC Capital Management Inc.’s holdings in Fiserv were worth $4,262,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FISV. BlackRock Inc. boosted its stake in shares of Fiserv by 101.0% during the first quarter. BlackRock Inc. now owns 30,249,062 shares of the business services provider’s stock valued at $2,157,059,000 after purchasing an additional 15,202,516 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 114.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 21,553,403 shares of the business services provider’s stock valued at $1,536,975,000 after purchasing an additional 11,520,537 shares in the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Fiserv by 1.1% during the fourth quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock valued at $714,484,000 after purchasing an additional 57,150 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Fiserv by 96.4% during the first quarter. Northern Trust Corp now owns 5,332,497 shares of the business services provider’s stock valued at $380,260,000 after purchasing an additional 2,617,155 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Fiserv by 76.2% during the first quarter. Pittenger & Anderson Inc. now owns 3,248,268 shares of the business services provider’s stock valued at $231,634,000 after purchasing an additional 1,405,139 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Several equities research analysts have weighed in on FISV shares. Citigroup raised their target price on shares of Fiserv from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Cowen restated a “hold” rating and issued a $68.00 target price on shares of Fiserv in a research note on Friday, March 23rd. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Credit Suisse Group lowered their target price on shares of Fiserv from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Finally, ValuEngine downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and a consensus price target of $71.62.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $72.26, for a total value of $3,613,000.00. Following the completion of the transaction, the insider now owns 617,380 shares of the company’s stock, valued at $44,611,878.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $141.57, for a total transaction of $2,406,690.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,000 shares of company stock valued at $12,121,810. Corporate insiders own 1.70% of the company’s stock.

NASDAQ FISV opened at $73.25 on Tuesday. The firm has a market capitalization of $29.88 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 2.04 and a beta of 0.81. Fiserv has a 12-month low of $59.85 and a 12-month high of $74.46. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Fiserv had a net margin of 24.76% and a return on equity of 44.13%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. equities analysts anticipate that Fiserv will post 3.11 earnings per share for the current year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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