Strategy Asset Managers LLC lowered its stake in shares of Fiserv Inc (NASDAQ:FISV) by 97.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 492 shares of the business services provider’s stock after selling 22,293 shares during the quarter. Strategy Asset Managers LLC’s holdings in Fiserv were worth $43,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of FISV. Renaissance Technologies LLC increased its position in shares of Fiserv by 94.2% during the 3rd quarter. Renaissance Technologies LLC now owns 23,708 shares of the business services provider’s stock valued at $1,953,000 after purchasing an additional 11,500 shares during the last quarter. Teachers Advisors LLC raised its holdings in Fiserv by 8.4% during the 3rd quarter. Teachers Advisors LLC now owns 672,494 shares of the business services provider’s stock valued at $55,400,000 after buying an additional 52,000 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Fiserv by 6.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,108,381 shares of the business services provider’s stock valued at $91,308,000 after buying an additional 68,667 shares during the period. First Hawaiian Bank raised its holdings in Fiserv by 31.9% during the 4th quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock valued at $104,000 after buying an additional 342 shares during the period. Finally, Bell Asset Management Ltd raised its holdings in Fiserv by 15.6% during the 4th quarter. Bell Asset Management Ltd now owns 79,591 shares of the business services provider’s stock valued at $5,849,000 after buying an additional 10,727 shares during the period. Institutional investors own 90.56% of the company’s stock.
In other news, insider Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $85.49, for a total transaction of $1,709,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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. Insiders have sold a total of 127,912 shares of company stock worth $10,856,871 in the last three months. Corporate insiders own 1.40% of the company’s stock.
A number of research firms have weighed in on FISV. Keefe, Bruyette & Woods began coverage on Fiserv in a research note on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. Zacks Investment Research lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Moffett Nathanson began coverage on Fiserv in a research note on Tuesday. They issued a “buy” rating and a $108.00 target price on the stock. BidaskClub lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Deutsche Bank increased their target price on Fiserv from $71.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Fiserv currently has a consensus rating of “Buy” and a consensus target price of $89.59.
Shares of FISV traded up $0.75 during midday trading on Wednesday, reaching $89.16. 36,762 shares of the stock were exchanged, compared to its average volume of 5,024,643. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $34.76 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.11 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Fiserv Inc will post 3.45 EPS for the current year.
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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