BlueCrest Capital Management Ltd lessened its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 56.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,356 shares of the business services provider’s stock after selling 13,337 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Fiserv were worth $1,358,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in FISV. ARK Investment Management LLC purchased a new position in Fiserv during the 4th quarter valued at about $118,000. Coastline Trust Co purchased a new position in Fiserv during the 3rd quarter valued at about $202,000. Univest Corp of Pennsylvania purchased a new position in Fiserv during the 4th quarter valued at about $202,000. Associated Banc Corp purchased a new position in Fiserv during the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC purchased a new position in Fiserv during the 4th quarter valued at about $267,000. 89.49% of the stock is currently owned by institutional investors.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $141.57, for a total value of $2,406,690.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denis Oleary sold 12,160 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $142.64, for a total value of $1,734,502.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,160 shares of company stock valued at $10,037,582. Corporate insiders own 1.80% of the company’s stock.
Shares of Fiserv 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 payable to shareholders after the closing bell on Monday, March 19th.
Fiserv (NASDAQ:FISV) last posted its 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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. sell-side analysts anticipate that Fiserv Inc will post 6.23 earnings per share for the current year.
FISV has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 target price on shares of Fiserv in a research note on Wednesday, February 7th. Barclays reaffirmed a “hold” rating and set a $141.00 target price on shares of Fiserv in a research note on Friday, January 5th. Credit Suisse Group lifted their target price on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. 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 research note on Tuesday, February 13th. Finally, Citigroup lifted their price target on Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and an average target price of $140.73.
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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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