Tandem Investment Advisors Inc. reduced its position in Fiserv Inc (NASDAQ:FISV) by 4.3% during the first quarter, HoldingsChannel.com reports. The fund owned 4,015 shares of the business services provider’s stock after selling 180 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Fiserv were worth $354,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Martingale Asset Management L P increased its stake in shares of Fiserv by 6.5% during the 3rd quarter. Martingale Asset Management L P now owns 463,596 shares of the business services provider’s stock worth $38,192,000 after purchasing an additional 28,102 shares during the last quarter. Standard Life Aberdeen plc lifted its position in shares of Fiserv by 12.0% in the third quarter. Standard Life Aberdeen plc now owns 128,017 shares of the business services provider’s stock worth $10,547,000 after purchasing an additional 13,681 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Fiserv by 106.2% in the third quarter. Allianz Asset Management GmbH now owns 12,257 shares of the business services provider’s stock worth $1,010,000 after purchasing an additional 209,805 shares in the last quarter. Renaissance Technologies LLC raised its position in Fiserv by 94.2% during the third quarter. Renaissance Technologies LLC now owns 23,708 shares of the business services provider’s stock worth $1,953,000 after acquiring an additional 11,500 shares in the last quarter. Finally, LPL Financial LLC raised its position in Fiserv by 29.4% during the third quarter. LPL Financial LLC now owns 89,754 shares of the business services provider’s stock worth $7,394,000 after acquiring an additional 20,382 shares in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.
Shares of NASDAQ:FISV traded up $0.54 on Monday, hitting $86.84. The company had a trading volume of 152,170 shares, compared to its average volume of 4,494,776. Fiserv Inc has a 1-year low of $68.43 and a 1-year high of $91.19. The company has a market cap of $33.54 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.06 and a beta of 0.83. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.11 and a quick ratio of 1.11.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts expect that Fiserv Inc will post 3.45 earnings per share for the current year.
In related news, Director Denis Oleary sold 13,728 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total value of $1,167,978.24. Following the transaction, the director now directly owns 52,014 shares in the company, valued at $4,425,351.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the completion of the transaction, the insider now owns 441,112 shares in the company, valued at $37,428,353.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,912 shares of company stock worth $15,245,371. Corporate insiders own 1.70% of the company’s stock.
Several analysts have issued reports on the stock. Royal Bank of Canada raised shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price target on the stock in a research report on Monday, January 28th. Edward Jones lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Buckingham Research assumed coverage on shares of Fiserv in a research report on Thursday, February 7th. They set a “buy” rating and a $100.00 price target on the stock. Finally, Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $87.29.
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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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