Penserra Capital Management LLC lifted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 117.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,142 shares of the business services provider’s stock after acquiring an additional 617 shares during the period. Penserra Capital Management LLC’s holdings in Fiserv were worth $117,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in FISV. First Hawaiian Bank boosted its position in Fiserv by 556.0% during the second quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 2,880 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Fiserv by 19.2% during the 2nd quarter. NEXT Financial Group Inc now owns 2,128 shares of the business services provider’s stock worth $194,000 after acquiring an additional 343 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Fiserv by 62.7% during the 2nd quarter. AE Wealth Management LLC now owns 8,011 shares of the business services provider’s stock worth $730,000 after acquiring an additional 3,088 shares in the last quarter. BB&T Corp lifted its position in Fiserv by 4.3% during the second quarter. BB&T Corp now owns 9,296 shares of the business services provider’s stock valued at $847,000 after acquiring an additional 382 shares during the last quarter. Finally, Greenleaf Trust lifted its position in Fiserv by 105.7% during the second quarter. Greenleaf Trust now owns 12,983 shares of the business services provider’s stock valued at $1,184,000 after acquiring an additional 6,671 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.
NASDAQ FISV opened at $114.28 on Tuesday. The company has a market cap of $79.03 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.42 and a beta of 0.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day moving average price is $109.27 and its 200 day moving average price is $100.87. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $117.04.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. Research analysts expect that Fiserv Inc will post 4.01 earnings per share for the current year.
In related news, CEO Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $103.67, for a total value of $2,591,750.00. Following the sale, the chief executive officer now owns 271,229 shares in the company, valued at $28,118,310.43. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christopher M. Foskett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total value of $531,800.00. Following the completion of the sale, the executive vice president now owns 140,248 shares in the company, valued at approximately $14,916,777.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,000 shares of company stock valued at $14,104,970. Company insiders own 1.40% of the company’s stock.
Several equities analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Fiserv from $112.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Atlantic Securities began coverage on Fiserv in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price target on the stock. BidaskClub lowered Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Oppenheimer raised their price objective on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, UBS Group assumed coverage on Fiserv in a research report on Monday, October 14th. They issued a “buy” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Buy” and a consensus price target of $108.24.
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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