Ridgewood Investments LLC bought a new stake in Fiserv Inc (NASDAQ:FISV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,845 shares of the business services provider’s stock, valued at approximately $213,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $11,438,995,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Fiserv by 8.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock worth $4,661,611,000 after purchasing an additional 3,933,642 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Fiserv by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock worth $3,909,440,000 after purchasing an additional 322,980 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Fiserv by 2.8% during the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock worth $2,961,594,000 after purchasing an additional 883,535 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Fiserv by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,949,480 shares of the business services provider’s stock worth $2,791,697,000 after purchasing an additional 1,445,676 shares in the last quarter. 92.66% of the stock is currently owned by hedge funds and other institutional investors.
Fiserv stock opened at $118.51 on Thursday. The business has a 50 day simple moving average of $116.20 and a 200 day simple moving average of $106.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv Inc has a one year low of $68.45 and a one year high of $119.31. The company has a market capitalization of $79.92 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Fiserv Inc will post 4.04 earnings per share for the current fiscal year.
In other Fiserv news, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $115.59, for a total value of $2,889,750.00. Following the completion of the transaction, the chief executive officer now owns 223,339 shares in the company, valued at approximately $25,815,755.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lynn S. Mccreary sold 18,000 shares of Fiserv stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $111.39, for a total value of $2,005,020.00. Following the completion of the transaction, the insider now owns 70,364 shares of the company’s stock, valued at approximately $7,837,845.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,500 shares of company stock valued at $16,777,390. Corporate insiders own 1.40% of the company’s stock.
FISV has been the topic of several recent research reports. Moffett Nathanson lowered Fiserv from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. SunTrust Banks lifted their price objective on Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Oppenheimer lifted their price objective on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group started coverage on Fiserv in a research report on Monday, October 14th. They set a “buy” rating and a $120.00 target price for the company. Finally, ValuEngine downgraded Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company. Fiserv presently has a consensus rating of “Buy” and a consensus target price of $110.98.
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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