Advisor Partners LLC raised its position in Fiserv, Inc. (NASDAQ:FISV) by 3.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,635 shares of the business services provider’s stock after buying an additional 151 shares during the period. Advisor Partners LLC’s holdings in Fiserv were worth $567,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in FISV. Gardiner Nancy B boosted its stake in shares of Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock worth $1,445,000 after buying an additional 762 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock worth $44,026,000 after buying an additional 232,364 shares in the last quarter. British Columbia Investment Management Corp boosted its stake in shares of Fiserv by 6.3% in the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock worth $9,751,000 after buying an additional 5,016 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Fiserv by 25.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock worth $1,866,000 after buying an additional 3,304 shares in the last quarter. Finally, University of Texas Investment Managment Co. purchased a new stake in shares of Fiserv during the first quarter worth about $184,000. Institutional investors own 87.60% of the company’s stock.
Fiserv, Inc. (NASDAQ FISV) opened at 124.08 on Tuesday. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 30.37 and a beta of 0.81. The stock’s 50 day moving average price is $124.64 and its 200 day moving average price is $118.43.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. Equities analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
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FISV has been the topic of a number of research reports. Royal Bank Of Canada restated a “hold” rating and issued a $123.00 price objective on shares of Fiserv in a research note on Friday, April 28th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and issued a $116.00 price objective on shares of Fiserv in a research note on Friday, April 28th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $136.00 in a research note on Monday, July 17th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $126.91.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the sale, the insider now owns 323,776 shares of the company’s stock, valued at approximately $39,452,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 51,000 shares of company stock worth $6,339,810 in the last three months. 1.80% of the stock is owned by corporate insiders.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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