TCW Group Inc. lifted its position in shares of Fiserv Inc (NASDAQ:FISV) by 18.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,290 shares of the business services provider’s stock after buying an additional 8,010 shares during the period. TCW Group Inc.’s holdings in Fiserv were worth $4,308,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its holdings in Fiserv by 1.6% in the 2nd quarter. Macquarie Group Ltd. now owns 284,676 shares of the business services provider’s stock valued at $21,092,000 after purchasing an additional 4,444 shares in the last quarter. Findlay Park Partners LLP increased its holdings in Fiserv by 27.1% in the 2nd quarter. Findlay Park Partners LLP now owns 1,525,000 shares of the business services provider’s stock valued at $112,987,000 after purchasing an additional 325,000 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Fiserv by 40.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 30,817 shares of the business services provider’s stock valued at $2,279,000 after purchasing an additional 8,843 shares in the last quarter. Raymond James & Associates increased its holdings in Fiserv by 1.7% in the 2nd quarter. Raymond James & Associates now owns 211,119 shares of the business services provider’s stock valued at $15,642,000 after purchasing an additional 3,578 shares in the last quarter. Finally, Strs Ohio increased its holdings in Fiserv by 32.3% in the 2nd quarter. Strs Ohio now owns 24,465 shares of the business services provider’s stock valued at $1,812,000 after purchasing an additional 5,975 shares in the last quarter. Institutional investors and hedge funds own 87.67% of the company’s stock.
NASDAQ:FISV opened at $74.91 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $31.56 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 2.16 and a beta of 0.79. Fiserv Inc has a 1-year low of $62.67 and a 1-year high of $82.79.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, sell-side analysts expect that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $79.72, for a total value of $3,986,000.00. Following the completion of the transaction, the insider now directly owns 418,380 shares of the company’s stock, valued at approximately $33,353,253.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 150,000 shares of company stock valued at $11,864,000. 1.80% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on FISV shares. SunTrust Banks increased their price target on Fiserv to $87.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday, August 3rd. Argus set a $90.00 price target on Fiserv and gave the company a “buy” rating in a report on Wednesday, September 19th. Finally, Deutsche Bank increased their price target on Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $78.82.
Fiserv Company Profile
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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