Hall Laurie J Trustee reduced its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,265 shares of the business services provider’s stock after selling 400 shares during the quarter. Fiserv makes up 1.4% of Hall Laurie J Trustee’s investment portfolio, making the stock its 22nd biggest holding. Hall Laurie J Trustee’s holdings in Fiserv were worth $2,584,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in FISV. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Fiserv by 1.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 7,525 shares of the business services provider’s stock worth $664,000 after acquiring an additional 125 shares during the period. Kaizen Advisory LLC grew its holdings in shares of Fiserv by 13.7% in the 4th quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after acquiring an additional 135 shares during the period. Tandem Investment Advisors Inc. grew its holdings in shares of Fiserv by 3.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after acquiring an additional 141 shares during the period. Cornerstone Advisors Inc. grew its holdings in shares of Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after acquiring an additional 146 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Fiserv by 1.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock valued at $1,155,000 after buying an additional 150 shares during the last quarter. 87.39% of the stock is owned by institutional investors and hedge funds.
In related news, Director Kim M. Robak sold 10,904 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the sale, the director now owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total value of $4,198,000.00. Following the sale, the insider now directly owns 436,141 shares in the company, valued at approximately $36,618,398.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,632 shares of company stock worth $9,906,635. Corporate insiders own 1.40% of the company’s stock.
A number of equities research analysts have commented on FISV shares. Wedbush increased their target price on Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 29th. SunTrust Banks reiterated a “hold” rating and set a $85.21 target price on shares of Fiserv in a report on Tuesday, January 29th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Buckingham Research began coverage on Fiserv in a report on Thursday, February 7th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Cantor Fitzgerald restated a “hold” rating and set a $83.00 price objective on shares of Fiserv in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Fiserv has an average rating of “Buy” and an average price target of $89.59.
NASDAQ:FISV traded down $0.16 during mid-day trading on Wednesday, reaching $86.81. The stock had a trading volume of 2,094,181 shares, compared to its average volume of 4,938,924. 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. The company has a market capitalization of $33.83 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. Fiserv’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv Inc will post 3.46 EPS for the current fiscal year.
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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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