Psagot Investment House Ltd. lowered its holdings in Fiserv Inc (NASDAQ:FISV) by 13.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,169 shares of the business services provider’s stock after selling 1,235 shares during the quarter. Psagot Investment House Ltd.’s holdings in Fiserv were worth $721,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of FISV. Oregon Public Employees Retirement Fund grew its stake in Fiserv by 7,194.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after purchasing an additional 10,203,585 shares in the last quarter. Norges Bank purchased a new stake in Fiserv during the 4th quarter worth about $288,462,000. Mackenzie Financial Corp lifted its holdings in Fiserv by 78.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock worth $212,489,000 after buying an additional 1,271,171 shares during the last quarter. BlackRock Inc. lifted its holdings in Fiserv by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after buying an additional 898,122 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after buying an additional 845,558 shares during the last quarter. Institutional investors own 90.56% of the company’s stock.
NASDAQ:FISV traded up $1.19 during trading hours on Wednesday, reaching $89.60. 2,917,208 shares of the company traded hands, compared to its average volume of 5,008,673. The stock has a market cap of $34.76 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $91.19.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. Fiserv’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, equities research analysts predict that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.
A number of analysts have issued reports on FISV shares. Buckingham Research started coverage on Fiserv in a report on Thursday, February 7th. They set a “buy” rating and a $100.00 price target for the company. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Moffett Nathanson initiated coverage on Fiserv in a report on Tuesday. They issued a “buy” rating and a $108.00 target price for the company. SunTrust Banks reissued a “hold” rating and issued a $85.21 target price on shares of Fiserv in a report on Tuesday, January 29th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $83.00 price objective on shares of Fiserv in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $89.59.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the transaction, the director now owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kim M. Robak sold 10,904 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the transaction, the director now directly owns 85,610 shares in the company, valued at approximately $7,448,926.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,912 shares of company stock worth $10,856,871. 1.40% 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.
Featured Story: Derivative
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.