First Allied Advisory Services Inc. lowered its stake in shares of Fiserv Inc (NASDAQ:FISV) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,505 shares of the business services provider’s stock after selling 770 shares during the period. First Allied Advisory Services Inc.’s holdings in Fiserv were worth $618,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FISV. Norges Bank purchased a new stake in Fiserv in the 4th quarter worth about $577,518,000. Capital World Investors boosted its position in Fiserv by 24.1% during the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock worth $895,575,000 after purchasing an additional 1,502,688 shares during the period. Annex Advisory Services LLC increased its stake in shares of Fiserv by 6,803.1% in the fourth quarter. Annex Advisory Services LLC now owns 1,401,666 shares of the business services provider’s stock worth $12,903,000 after purchasing an additional 1,381,361 shares in the last quarter. USS Investment Management Ltd purchased a new position in shares of Fiserv in the fourth quarter worth about $125,830,000. Finally, Victory Capital Management Inc. raised its position in shares of Fiserv by 110.2% in the first quarter. Victory Capital Management Inc. now owns 2,021,156 shares of the business services provider’s stock valued at $191,990,000 after purchasing an additional 1,059,765 shares during the period. 92.62% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Fiserv from $124.00 to $129.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upgraded Fiserv from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a research report on Friday, March 27th. Morgan Stanley increased their price objective on Fiserv from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. TheStreet raised Fiserv from a “c+” rating to a “b” rating in a report on Thursday, May 7th. Finally, Canaccord Genuity lowered their price target on shares of Fiserv from $152.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Five analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $120.39.
NASDAQ FISV opened at $103.93 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $98.55 and its 200 day moving average price is $109.12. Fiserv Inc has a 1 year low of $73.50 and a 1 year high of $125.05. The company 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 posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share for the quarter, meeting 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 business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s quarterly revenue was up 150.9% compared to the same quarter last year. Research analysts expect that Fiserv Inc will post 4.36 earnings per share for the current year.
In other Fiserv news, CEO Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the completion of the sale, the chief executive officer now directly owns 385,537 shares in the company, valued at approximately $36,074,697.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $104.78, for a total transaction of $31,434,000.00. Following the completion of the sale, the chief executive officer now directly owns 357,023 shares in the company, valued at $37,408,869.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 330,000 shares of company stock worth $34,308,400. 1.60% of the stock is owned by insiders.
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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