Elkhorn Investments LLC trimmed its stake in Fiserv Inc (NASDAQ:FISV) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,743 shares of the business services provider’s stock after selling 652 shares during the quarter. Elkhorn Investments LLC’s holdings in Fiserv were worth $1,322,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of FISV. Virtue Capital Management LLC acquired a new stake in Fiserv in the fourth quarter worth $116,000. ARK Investment Management LLC acquired a new stake in Fiserv in the fourth quarter worth $118,000. Coastline Trust Co acquired a new stake in Fiserv in the third quarter worth $202,000. Univest Corp of Pennsylvania acquired a new stake in Fiserv in the fourth quarter worth $202,000. Finally, Associated Banc Corp acquired a new stake in Fiserv in the third quarter worth $261,000. Institutional investors and hedge funds own 89.49% of the company’s stock.
Fiserv Inc (NASDAQ FISV) traded up $0.47 on Wednesday, hitting $147.97. 398,513 shares of the company were exchanged, compared to its average volume of 1,211,511. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.02. Fiserv Inc has a one year low of $113.29 and a one year high of $148.65. The company has a market capitalization of $30,503.59, a price-to-earnings ratio of 25.43, a P/E/G ratio of 2.06 and a beta of 0.83.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned $1.16 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. analysts predict that Fiserv Inc will post 6.23 earnings per share for the current year.
In other news, Director Harry Disimone purchased 353 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were bought at an average cost of $141.59 per share, with a total value of $49,981.27. Following the completion of the transaction, the director now directly owns 154 shares of the company’s stock, valued at $21,804.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $131.18, for a total transaction of $2,230,060.00. The disclosure for this sale can be found here. Insiders have sold 73,160 shares of company stock worth $10,037,582 over the last three months. 1.80% of the stock is owned by insiders.
A number of research firms have commented on FISV. ValuEngine cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Credit Suisse Group reduced their price objective on shares of Fiserv from $140.00 to $136.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Stephens reiterated a “hold” rating and set a $146.00 price objective on shares of Fiserv in a report on Friday, February 9th. Finally, SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $140.73.
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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