Full Sail Capital LLC trimmed its position in Fiserv Inc (NASDAQ:FISV) by 19.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,400 shares of the business services provider’s stock after selling 808 shares during the quarter. Full Sail Capital LLC’s holdings in Fiserv were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of FISV. Sheaff Brock Investment Advisors LLC grew its stake in Fiserv by 1.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 7,525 shares of the business services provider’s stock worth $664,000 after buying an additional 125 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in Fiserv by 4.4% during the 1st quarter. Thoroughbred Financial Services LLC now owns 3,089 shares of the business services provider’s stock worth $273,000 after buying an additional 130 shares during the last quarter. Kaizen Advisory LLC grew its stake in Fiserv by 13.7% during the 4th quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after buying an additional 135 shares during the last quarter. Sandy Spring Bank grew its stake in Fiserv by 5.8% during the 4th quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after buying an additional 150 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in Fiserv by 1.7% during the 1st quarter. Cetera Advisors LLC now owns 9,302 shares of the business services provider’s stock worth $821,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.
NASDAQ:FISV opened at $89.20 on Monday. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $91.38. The firm has a market capitalization of $35.01 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv Inc will post 3.45 earnings per share for the current year.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods assumed coverage on Fiserv in a research note on Monday, April 8th. They set a “market perform” rating and a $101.00 price objective for the company. Oppenheimer upped their price objective on Fiserv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. SunTrust Banks upgraded Fiserv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Deutsche Bank upped their price objective on Fiserv from $71.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $91.45.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the transaction, the insider now owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the sale, the chief executive officer now owns 391,146 shares of the company’s stock, valued at approximately $33,329,550.66. The disclosure for this sale can be found here. In the last three months, insiders sold 92,000 shares of company stock valued at $7,789,900. Company insiders own 1.40% of the company’s stock.
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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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