Cetera Advisor Networks LLC lifted its position in shares of Fiserv Inc (NASDAQ:FISV) by 6.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,682 shares of the business services provider’s stock after purchasing an additional 393 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Fiserv were worth $635,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Fiserv in the 4th quarter valued at $577,518,000. Capital World Investors raised its position in Fiserv by 24.1% in the 4th quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock valued at $895,575,000 after buying an additional 1,502,688 shares during the last quarter. Annex Advisory Services LLC raised its position in Fiserv by 6,803.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,401,666 shares of the business services provider’s stock valued at $12,903,000 after buying an additional 1,381,361 shares during the last quarter. USS Investment Management Ltd purchased a new stake in Fiserv in the 4th quarter valued at $125,830,000. Finally, Victory Capital Management Inc. raised its position in Fiserv by 110.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,021,156 shares of the business services provider’s stock valued at $191,990,000 after buying an additional 1,059,765 shares during the last quarter. 92.62% of the stock is currently owned by institutional investors.
In other Fiserv news, CEO Jeffery W. Yabuki sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $104.78, for a total value of $31,434,000.00. Following the completion of the transaction, the chief executive officer now owns 357,023 shares in the company, valued at approximately $37,408,869.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffery W. Yabuki sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $100.30, for a total value of $1,003,000.00. Following the completion of the transaction, the chief executive officer now owns 365,537 shares of the company’s stock, valued at approximately $36,663,361.10. The disclosure for this sale can be found here. Insiders have sold a total of 330,000 shares of company stock valued at $34,308,400 in the last quarter. 1.60% of the stock is owned by corporate insiders.
FISV stock opened at $103.93 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 26.16, a PEG ratio of 1.83 and a beta of 0.84. Fiserv Inc has a fifty-two week low of $73.50 and a fifty-two week high of $125.05. The stock has a fifty day moving average of $98.55 and a 200-day moving average of $109.12.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The firm’s quarterly revenue was up 150.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. Equities analysts predict that Fiserv Inc will post 4.36 EPS for the current year.
A number of research firms recently commented on FISV. Barclays increased their price target on Fiserv from $124.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Credit Suisse Group increased their price target on Fiserv from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Morgan Stanley raised their target price on Fiserv from $88.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Susquehanna Bancshares raised Fiserv from a “neutral” rating to a “positive” rating and raised their target price for the company from $108.00 to $114.00 in a research report on Thursday, May 14th. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $120.39.
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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