Pacad Investment Ltd. decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 85.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the business services provider’s stock after selling 17,900 shares during the period. Pacad Investment Ltd.’s holdings in Fiserv were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of FISV. First Manhattan Co. grew its stake in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after acquiring an additional 134 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv in the second quarter worth $104,000. Parallel Advisors LLC grew its stake in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Fiserv in the first quarter worth $131,000. Finally, Trust Co. of Vermont grew its stake in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 123.53 on Friday. The company has a 50-day moving average of $123.56 and a 200-day moving average of $121.24. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The stock has a market capitalization of $26.00 billion, a PE ratio of 30.24 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. Fiserv’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. On average, equities research analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares in the company, valued at approximately $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 51,000 shares of company stock worth $6,342,700. Insiders own 1.80% of the company’s stock.
Several research firms have commented on FISV. Robert W. Baird restated a “buy” rating and issued a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Cowen and Company reaffirmed a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research report on Thursday, August 3rd. Finally, Credit Suisse Group lifted their price objective on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $127.05.
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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