RMB Capital Management LLC increased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,222 shares of the business services provider’s stock after purchasing an additional 224 shares during the quarter. RMB Capital Management LLC’s holdings in Fiserv were worth $3,029,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Davis R M Inc. acquired a new position in Fiserv during the fourth quarter worth $401,000. Sandy Spring Bank lifted its stake in Fiserv by 5.8% in the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 150 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Fiserv by 20.4% in the third quarter. Eagle Asset Management Inc. now owns 8,120 shares of the business services provider’s stock valued at $668,000 after acquiring an additional 1,375 shares during the last quarter. First Hawaiian Bank lifted its stake in Fiserv by 31.9% in the fourth quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 342 shares during the last quarter. Finally, BTIM Corp. lifted its stake in Fiserv by 20.2% in the fourth quarter. BTIM Corp. now owns 73,035 shares of the business services provider’s stock valued at $5,368,000 after acquiring an additional 12,275 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.
FISV has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald reiterated a “hold” rating and issued a $73.00 price target on shares of Fiserv in a research note on Wednesday, January 16th. Edward Jones upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and increased their price target for the company from $74.50 to $88.00 in a research note on Friday, January 18th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $85.21 price target on shares of Fiserv in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Fiserv has an average rating of “Buy” and a consensus price target of $86.49.
In other news, Director Denis Oleary sold 13,728 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total value of $1,167,978.24. Following the transaction, the director now directly owns 52,014 shares of the company’s stock, valued at $4,425,351.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Best sold 13,280 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total transaction of $1,128,136.00. Following the completion of the transaction, the insider now directly owns 38,364 shares in the company, valued at $3,259,021.80. The disclosure for this sale can be found here. Insiders sold 177,008 shares of company stock worth $13,797,614 over the last three months. Insiders own 1.70% of the company’s stock.
Shares of FISV opened at $85.50 on Friday. The stock has a market capitalization of $33.71 billion, a PE ratio of 27.58, a P/E/G ratio of 2.08 and a beta of 0.82. Fiserv Inc has a fifty-two week low of $68.43 and a fifty-two week high of $87.22. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. Equities research analysts anticipate that Fiserv Inc will post 3.45 EPS for the current fiscal year.
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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; Internet and 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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