Wells Fargo & Company MN raised its holdings in Fiserv Inc (NASDAQ:FISV) by 19.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,329,673 shares of the business services provider’s stock after purchasing an additional 216,244 shares during the quarter. Wells Fargo & Company MN owned about 0.33% of Fiserv worth $109,539,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in Fiserv by 8.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock worth $1,738,335,000 after buying an additional 1,909,078 shares during the period. Voya Investment Management LLC grew its position in Fiserv by 31.8% during the second quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock worth $413,781,000 after buying an additional 1,346,387 shares during the period. Boston Advisors LLC acquired a new position in Fiserv during the second quarter worth about $27,528,000. Findlay Park Partners LLP lifted its holdings in shares of Fiserv by 27.1% in the second quarter. Findlay Park Partners LLP now owns 1,525,000 shares of the business services provider’s stock valued at $112,987,000 after purchasing an additional 325,000 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Fiserv by 97.6% in the first quarter. Principal Financial Group Inc. now owns 648,012 shares of the business services provider’s stock valued at $46,210,000 after purchasing an additional 320,056 shares in the last quarter. Institutional investors own 87.58% of the company’s stock.
In related news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $78.92, for a total transaction of $3,946,000.00. Following the completion of the sale, the insider now directly owns 367,380 shares of the company’s stock, valued at approximately $28,993,629.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 150,000 shares of company stock valued at $11,779,000. Company insiders own 1.70% of the company’s stock.
Shares of Fiserv stock traded down $2.76 during trading hours on Wednesday, hitting $76.91. The company’s stock had a trading volume of 2,887,871 shares, compared to its average volume of 1,833,591. The firm has a market capitalization of $31.53 billion, a P/E ratio of 30.04, a PEG ratio of 2.21 and a beta of 0.78. Fiserv Inc has a 1-year low of $62.76 and a 1-year high of $82.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. Fiserv had a net margin of 25.00% and a return on equity of 44.31%. Fiserv’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 earnings per share. On average, research analysts expect that Fiserv Inc will post 3.13 EPS for the current fiscal year.
Several brokerages have issued reports on FISV. Barclays began coverage on shares of Fiserv in a report on Wednesday, November 14th. They issued an “overweight” rating and a $95.00 price target on the stock. BidaskClub raised shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 8th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Credit Suisse Group upped their price objective on shares of Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, October 15th. Finally, Robert W. Baird upped their price objective on shares of Fiserv from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, September 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and an average target price of $80.57.
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; 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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