Empire Life Investments Inc. boosted its position in Fiserv Inc (NASDAQ:FISV) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 35,068 shares of the business services provider’s stock after purchasing an additional 644 shares during the period. Empire Life Investments Inc.’s holdings in Fiserv were worth $4,598,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of FISV. Teachers Insurance & Annuity Association of America bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $446,000. Stone Ridge Asset Management LLC bought a new position in shares of Fiserv in the 4th quarter worth about $372,000. Kendall Capital Management bought a new position in shares of Fiserv in the 4th quarter worth about $1,691,000. Guggenheim Capital LLC increased its stake in shares of Fiserv by 0.9% in the 4th quarter. Guggenheim Capital LLC now owns 566,747 shares of the business services provider’s stock worth $74,318,000 after acquiring an additional 5,282 shares in the last quarter. Finally, Virtue Capital Management LLC bought a new stake in Fiserv during the 4th quarter valued at about $116,000. Institutional investors and hedge funds own 89.49% of the company’s stock.
A number of brokerages have recently issued reports on FISV. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday, February 13th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a report on Wednesday, February 7th. Citigroup raised their price objective on shares of Fiserv from $138.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, Cowen reissued a “hold” rating and issued a $135.00 price objective on shares of Fiserv in a report on Thursday, February 8th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $140.73.
Fiserv shares are going to split before the market opens on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly created shares will be issued to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. equities research analysts forecast that Fiserv Inc will post 6.23 EPS for the current fiscal year.
In other Fiserv news, Director Denis Oleary sold 12,160 shares of Fiserv stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $142.64, for a total transaction of $1,734,502.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the transaction, the insider now directly owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold 73,160 shares of company stock worth $10,037,582 in the last ninety days. Insiders own 1.80% of the company’s stock.
Fiserv Company Profile
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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