DNB Asset Management AS cut its holdings in Fiserv Inc (NASDAQ:FISV) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 78,421 shares of the business services provider’s stock after selling 3,119 shares during the period. DNB Asset Management AS’s holdings in Fiserv were worth $6,460,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sonora Investment Management LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at about $106,000. Fort L.P. acquired a new position in shares of Fiserv in the 2nd quarter valued at about $120,000. Braun Bostich & Associates Inc. boosted its holdings in shares of Fiserv by 515.8% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock valued at $127,000 after buying an additional 1,434 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Fiserv by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 1,898 shares of the business services provider’s stock valued at $135,000 after buying an additional 949 shares during the period. Finally, Twin Tree Management LP acquired a new position in shares of Fiserv in the 2nd quarter valued at about $135,000. 88.36% of the stock is owned by institutional investors and hedge funds.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $78.64, for a total transaction of $3,932,000.00. Following the sale, the insider now directly owns 467,380 shares in the company, valued at approximately $36,754,763.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 150,000 shares of company stock worth $11,769,500 over the last 90 days. 1.70% of the stock is owned by insiders.
Several research firms have recently commented on FISV. Robert W. Baird lifted their price target on shares of Fiserv from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, September 24th. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Argus set a $90.00 target price on shares of Fiserv and gave the company a “buy” rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. lowered shares of Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 target price for the company. in a research note on Tuesday, August 14th. Finally, Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.25.
Fiserv stock opened at $77.14 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.69. The stock has a market cap of $33.36 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.29 and a beta of 0.79. Fiserv Inc has a 52-week low of $60.19 and a 52-week high of $82.79.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm earned $0.57 EPS. Fiserv’s revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Fiserv Inc will post 3.13 EPS for the current fiscal year.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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