Scout Investments Inc. trimmed its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 14.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,353 shares of the business services provider’s stock after selling 29,106 shares during the quarter. Scout Investments Inc. owned approximately 83,182.82% of Fiserv worth $22,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Summit Global Investments lifted its holdings in Fiserv by 8.3% in the 1st quarter. Summit Global Investments now owns 44,190 shares of the business services provider’s stock worth $5,096,000 after purchasing an additional 3,374 shares during the last quarter. Green Square Capital LLC bought a new position in Fiserv in the 1st quarter worth approximately $411,000. Bank of Nova Scotia increased its position in Fiserv by 51.8% in the 1st quarter. Bank of Nova Scotia now owns 49,182 shares of the business services provider’s stock worth $5,671,000 after buying an additional 16,775 shares during the period. Community Trust & Investment Co. increased its position in Fiserv by 1.3% in the 1st quarter. Community Trust & Investment Co. now owns 13,123 shares of the business services provider’s stock worth $1,513,000 after buying an additional 173 shares during the period. Finally, Achmea Investment Management B.V. bought a new position in Fiserv in the 1st quarter worth approximately $716,000. Institutional investors and hedge funds own 89.41% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) traded down $1.15 during midday trading on Friday, reaching $128.39. The company had a trading volume of 774,086 shares, compared to its average volume of 1,098,924. The company has a market capitalization of $26,756.35, a P/E ratio of 26.36, a PEG ratio of 2.20 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a fifty-two week low of $102.51 and a fifty-two week high of $130.20.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. equities research analysts predict that Fiserv, Inc. will post 5.08 EPS for the current year.
Several research analysts have commented on FISV shares. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research report on Sunday, October 8th. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Fiserv in a research report on Friday, September 8th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Cowen and Company restated a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research report on Thursday, August 3rd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $130.41.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the transaction, the insider now directly owns 269,151 shares in the company, valued at $32,841,805.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock valued at $7,133,943 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.
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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