Synovus Financial Corp grew its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,171 shares of the business services provider’s stock after purchasing an additional 2,565 shares during the period. Synovus Financial Corp’s holdings in Fiserv were worth $4,150,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in Fiserv by 61.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 136,289 shares of the business services provider’s stock valued at $16,674,000 after acquiring an additional 52,122 shares during the period. Acadian Asset Management LLC lifted its position in Fiserv by 156.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,839 shares of the business services provider’s stock valued at $348,000 after acquiring an additional 1,731 shares during the period. Strs Ohio lifted its position in Fiserv by 5.0% during the 2nd quarter. Strs Ohio now owns 7,324 shares of the business services provider’s stock valued at $896,000 after acquiring an additional 352 shares during the period. Rothschild Asset Management Inc. lifted its position in Fiserv by 9.5% during the 2nd quarter. Rothschild Asset Management Inc. now owns 4,206 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 364 shares during the period. Finally, Bessemer Group Inc. lifted its position in Fiserv by 62.7% during the 2nd quarter. Bessemer Group Inc. now owns 2,083 shares of the business services provider’s stock valued at $255,000 after acquiring an additional 803 shares during the period. 88.62% of the stock is currently owned by hedge funds and other institutional investors.
Fiserv, Inc. (FISV) opened at $130.88 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. The stock has a market cap of $27,558.74, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82. Fiserv, Inc. has a twelve month low of $102.60 and a twelve month high of $133.11.
Fiserv (NASDAQ:FISV) last issued its 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). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. sell-side analysts predict that Fiserv, Inc. will post 5.08 EPS for the current fiscal year.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the transaction, the insider now directly owns 330,835 shares of the company’s stock, valued at $41,533,025.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the transaction, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders have sold 42,124 shares of company stock valued at $5,316,303 over the last three months. 1.80% of the stock is owned by corporate insiders.
A number of research analysts recently issued reports on FISV shares. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird reissued a “buy” rating and set a $136.00 price target on shares of Fiserv in a research report on Friday, September 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $128.00 target price on shares of Fiserv in a report on Sunday, October 8th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $130.41.
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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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