Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,723 shares of the business services provider’s stock after acquiring an additional 9,024 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Fiserv were worth $11,027,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Kohlberg Kravis Roberts & Co. L.P. bought a new position in Fiserv during the 3rd quarter worth approximately $11,438,995,000. State Street Corp boosted its stake in shares of Fiserv by 44.0% during the third quarter. State Street Corp now owns 23,673,283 shares of the business services provider’s stock valued at $2,452,315,000 after purchasing an additional 7,234,231 shares during the period. Annex Advisory Services LLC boosted its stake in shares of Fiserv by 6,803.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,401,666 shares of the business services provider’s stock valued at $12,903,000 after purchasing an additional 1,381,361 shares during the period. USS Investment Management Ltd bought a new position in shares of Fiserv in the fourth quarter worth approximately $125,830,000. Finally, Fred Alger Management LLC grew its holdings in shares of Fiserv by 658.3% in the fourth quarter. Fred Alger Management LLC now owns 1,091,169 shares of the business services provider’s stock worth $126,172,000 after purchasing an additional 947,270 shares during the last quarter. 92.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on FISV shares. Moffett Nathanson lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. Atlantic Securities raised shares of Fiserv from a “neutral” rating to an “overweight” rating in a report on Thursday, March 12th. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. SunTrust Banks reaffirmed a “positive” rating and set a $140.00 price objective on shares of Fiserv in a research note on Wednesday, February 5th. Finally, Bank of America started coverage on shares of Fiserv in a report on Tuesday, December 3rd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $122.95.
FISV stock opened at $91.20 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv Inc has a 1 year low of $73.50 and a 1 year high of $125.05. The firm has a 50-day moving average of $108.86 and a 200 day moving average of $110.88. The company has a market cap of $58.84 billion, a P/E ratio of 50.39, a PEG ratio of 1.24 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $1.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Fiserv had a net margin of 8.77% and a return on equity of 11.78%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was up 160.8% compared to the same quarter last year. On average, equities research analysts expect that Fiserv Inc will post 4.91 earnings per share for the current fiscal year.
In related news, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $123.20, for a total transaction of $3,080,000.00. Following the sale, the chief executive officer now directly owns 398,233 shares in the company, valued at $49,062,305.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.
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; 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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