Allianz Asset Management GmbH raised its position in shares of Fiserv Inc (NASDAQ:FISV) by 569.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,188 shares of the business services provider’s stock after purchasing an additional 89,999 shares during the quarter. Allianz Asset Management GmbH’s holdings in Fiserv were worth $9,728,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $118,000. Univest Corp of Pennsylvania bought a new stake in shares of Fiserv during the 4th quarter valued at about $202,000. Coastline Trust Co bought a new stake in shares of Fiserv during the 3rd quarter valued at about $202,000. Associated Banc Corp bought a new stake in shares of Fiserv during the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $267,000. Institutional investors and hedge funds own 89.49% of the company’s stock.
A number of research analysts recently issued reports on FISV shares. Barclays reiterated a “hold” rating and set a $141.00 price objective on shares of Fiserv in a research note on Friday, January 5th. Argus set a $148.00 price objective on Fiserv and gave the company a “buy” rating in a research note on Friday, January 12th. Credit Suisse Group boosted their price objective on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Robert W. Baird boosted their price objective on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Guggenheim reiterated a “buy” rating and set a $160.00 price objective on shares of Fiserv in a research note on Monday, January 29th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $140.73.
Fiserv Inc (NASDAQ:FISV) opened at $147.64 on Tuesday. Fiserv Inc has a 52 week low of $113.29 and a 52 week high of $148.65. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $30,770.00, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83.
Fiserv shares are scheduled 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 distributed to shareholders after the closing bell on Monday, March 19th.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping 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 business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts anticipate that Fiserv Inc will post 6.23 earnings per share for the current fiscal year.
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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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