Timber Hill LLC bought a new stake in Fiserv Inc (NASDAQ:FISV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,510 shares of the business services provider’s stock, valued at approximately $985,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in Fiserv by 1.1% during the fourth quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock worth $1,973,053,000 after acquiring an additional 166,837 shares in the last quarter. Longview Partners Guernsey LTD raised its stake in Fiserv by 1.1% during the fourth quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock worth $714,484,000 after acquiring an additional 57,150 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Fiserv by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock worth $265,398,000 after acquiring an additional 27,105 shares in the last quarter. Janus Henderson Group PLC raised its stake in Fiserv by 2.2% during the third quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock worth $246,234,000 after acquiring an additional 41,256 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Fiserv by 2.4% during the third quarter. Legal & General Group Plc now owns 1,213,913 shares of the business services provider’s stock worth $156,544,000 after acquiring an additional 27,883 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.
In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Denis Oleary sold 12,160 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $142.64, for a total value of $1,734,502.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,599 shares of company stock worth $8,083,155. 1.80% of the stock is owned by company insiders.
Fiserv Inc (NASDAQ:FISV) opened at $142.11 on Friday. The stock has a market capitalization of $29,132.15, a PE ratio of 24.50, a P/E/G ratio of 1.95 and a beta of 0.87. Fiserv Inc has a 1-year low of $113.29 and a 1-year high of $144.20. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share. equities analysts forecast that Fiserv Inc will post 6.22 EPS for the current year.
Several research analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and set a $160.00 price objective on shares of Fiserv in a research note on Monday, January 29th. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Robert W. Baird raised their target price on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, February 13th. Finally, Credit Suisse Group raised their target price on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price 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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