QS Investors LLC reduced its position in shares of Fiserv Inc (NASDAQ:FISV) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,928 shares of the business services provider’s stock after selling 3,224 shares during the period. QS Investors LLC’s holdings in Fiserv were worth $6,023,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Fiserv by 10.9% during the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares during the last quarter. Huntington National Bank grew its holdings in shares of Fiserv by 3.2% during the fourth quarter. Huntington National Bank now owns 226,079 shares of the business services provider’s stock worth $29,646,000 after purchasing an additional 6,947 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Fiserv during the third quarter worth about $1,290,000. Eqis Capital Management Inc. grew its holdings in shares of Fiserv by 5.4% during the fourth quarter. Eqis Capital Management Inc. now owns 16,509 shares of the business services provider’s stock worth $2,165,000 after purchasing an additional 843 shares during the last quarter. Finally, American National Bank grew its holdings in shares of Fiserv by 2.8% during the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock worth $5,356,000 after purchasing an additional 1,115 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total value of $2,230,060.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares in the company, valued at $2,583,780.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,160 shares of company stock worth $10,037,582. 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 issued shares will be payable to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS 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 business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. equities analysts predict that Fiserv Inc will post 6.23 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. SunTrust Banks upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Cowen restated a “hold” rating and set a $135.00 price target on shares of Fiserv in a report on Thursday, February 8th. BMO Capital Markets boosted their price target on Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a report on Thursday, February 8th. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 target price on shares of Fiserv in a report on Wednesday, February 7th. Finally, Stephens reiterated a “hold” rating and issued a $146.00 target price on shares of Fiserv in a report on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target 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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