Guggenheim Capital LLC boosted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 566,747 shares of the business services provider’s stock after acquiring an additional 5,282 shares during the period. Guggenheim Capital LLC owned 0.27% of Fiserv worth $74,318,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of FISV. Virtue Capital Management LLC bought a new position in Fiserv during the 4th quarter worth $116,000. ARK Investment Management LLC bought a new position in Fiserv during the 4th quarter worth $118,000. Coastline Trust Co bought a new position in Fiserv during the 3rd quarter worth $202,000. Univest Corp of Pennsylvania bought a new position in Fiserv during the 4th quarter worth $202,000. Finally, Associated Banc Corp bought a new position in Fiserv during the 3rd quarter worth $261,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.
Shares of Fiserv Inc (NASDAQ FISV) opened at $148.23 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. Fiserv Inc has a twelve month low of $113.29 and a twelve month high of $148.42. The firm has a market capitalization of $30,625.49, a price-to-earnings ratio of 25.56, a P/E/G ratio of 2.07 and a beta of 0.83.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $1.16 EPS. Fiserv’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts forecast that Fiserv Inc will post 6.23 earnings per share for the current year.
In other news, Director Harry Disimone acquired 353 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average price of $141.59 per share, with a total value of $49,981.27. Following the acquisition, the director now directly owns 154 shares in the company, valued at approximately $21,804.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,160 shares of company stock worth $10,037,582. 1.80% of the stock is currently owned by company insiders.
A number of equities analysts have commented on the company. ValuEngine lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Guggenheim reaffirmed a “buy” rating and issued a $160.00 target price on shares of Fiserv in a report on Monday, January 29th. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Robert W. Baird raised their target price on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Tuesday, February 13th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $140.73.
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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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