Alberta Investment Management Corp purchased a new position in shares of Fiserv Inc (NASDAQ:FISV) during the first quarter, Holdings Channel reports. The institutional investor purchased 26,900 shares of the business services provider’s stock, valued at approximately $2,576,000.
A number of other institutional investors have also modified their holdings of FISV. Massachusetts Financial Services Co. MA increased its position in Fiserv by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,289,627 shares of the business services provider’s stock worth $3,155,500,000 after buying an additional 340,147 shares during the last quarter. Geode Capital Management LLC increased its position in Fiserv by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 9,905,414 shares of the business services provider’s stock worth $1,143,285,000 after buying an additional 440,941 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Fiserv by 3.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 9,502,404 shares of the business services provider’s stock worth $1,098,762,000 after buying an additional 340,300 shares during the last quarter. Capital World Investors increased its position in Fiserv by 24.1% in the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock worth $895,575,000 after buying an additional 1,502,688 shares during the last quarter. Finally, Norges Bank purchased a new stake in Fiserv in the fourth quarter worth $577,518,000. Institutional investors and hedge funds own 92.62% of the company’s stock.
In other Fiserv news, CEO Jeffery W. Yabuki sold 10,000 shares of Fiserv stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $100.30, for a total transaction of $1,003,000.00. Following the completion of the sale, the chief executive officer now owns 365,537 shares of the company’s stock, valued at $36,663,361.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $93.57, for a total value of $1,871,400.00. Following the sale, the chief executive officer now directly owns 385,537 shares of the company’s stock, valued at approximately $36,074,697.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 330,000 shares of company stock valued at $34,308,400. Corporate insiders own 1.60% of the company’s stock.
Fiserv stock opened at $103.93 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $98.55 and a 200 day simple moving average of $109.12. Fiserv Inc has a 52 week low of $73.50 and a 52 week high of $125.05. The stock has a market cap of $69.35 billion, a price-to-earnings ratio of 57.10, a PEG ratio of 1.83 and a beta of 0.84.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.99. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue was up 150.9% compared to the same quarter last year. On average, research analysts anticipate that Fiserv Inc will post 4.36 earnings per share for the current year.
A number of analysts have issued reports on FISV shares. Atlantic Securities raised Fiserv from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 12th. UBS Group decreased their target price on Fiserv from $137.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Stephens reduced their price target on Fiserv from $126.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. TheStreet upgraded Fiserv from a “c+” rating to a “b” rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities reiterated a “hold” rating and issued a $107.00 price target on shares of Fiserv in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $120.39.
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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