Boothbay Fund Management LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,000 shares of the business services provider’s stock, valued at approximately $1,290,000.
Several other large investors have also modified their holdings of FISV. Acadian Asset Management LLC grew its holdings in Fiserv by 156.2% during the second quarter. Acadian Asset Management LLC now owns 2,839 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 1,731 shares during the period. Strs Ohio grew its holdings in Fiserv by 5.0% during the second quarter. Strs Ohio now owns 7,324 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 352 shares during the period. Rothschild Asset Management Inc. grew its holdings in Fiserv by 9.5% during the second quarter. Rothschild Asset Management Inc. now owns 4,206 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 364 shares during the period. Bessemer Group Inc. grew its holdings in Fiserv by 62.7% during the second quarter. Bessemer Group Inc. now owns 2,083 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 803 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in Fiserv in the second quarter valued at approximately $290,000. Institutional investors own 88.62% of the company’s stock.
A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Fiserv in a research report on Sunday, October 8th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $130.41.
Fiserv, Inc. (FISV) opened at $131.20 on Friday. Fiserv, Inc. has a fifty-two week low of $104.23 and a fifty-two week high of $133.11. The company has a market cap of $27,275.31, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.82. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Fiserv’s revenue for the quarter was up 1.4% on a year-over-year basis. equities research analysts predict that Fiserv, Inc. will post 5.08 EPS for the current year.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the transaction, the insider now directly owns 330,835 shares in the company, valued at $41,533,025.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,124 shares of company stock worth $5,316,303. Corporate insiders own 1.80% of the company’s stock.
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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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