Virtue Capital Management LLC purchased a new position in shares of Fiserv Inc (NASDAQ:FISV) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 882 shares of the business services provider’s stock, valued at approximately $116,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. ARK Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter valued at $118,000. Univest Corp of Pennsylvania bought a new stake in shares of Fiserv during the 4th quarter valued at $202,000. Coastline Trust Co bought a new stake in shares of Fiserv during the 3rd quarter valued at $202,000. Associated Banc Corp bought a new stake in shares of Fiserv during the 3rd quarter valued at $261,000. Finally, Claraphi Advisory Network LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $267,000. 89.49% of the stock is owned by institutional investors and hedge funds.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total transaction of $2,230,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Denis Oleary sold 12,160 shares of Fiserv stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $142.64, for a total transaction of $1,734,502.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,160 shares of company stock worth $10,037,582. Insiders own 1.80% of the company’s stock.
Fiserv Inc (FISV) traded down $0.52 during midday trading on Monday, hitting $147.71. The company had a trading volume of 43,105 shares, compared to its average volume of 1,198,940. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $30,625.49, a PE ratio of 25.56, a PEG ratio of 2.07 and a beta of 0.83. Fiserv Inc has a 12 month low of $113.29 and a 12 month high of $148.65.
Shares of Fiserv are scheduled to split on the morning of Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly minted shares will be distributed to shareholders after the closing bell on Monday, March 19th.
Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The company 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%. Fiserv’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. equities analysts anticipate that Fiserv Inc will post 6.23 EPS for the current year.
FISV has been the subject of a number of recent research reports. Barclays reissued a “hold” rating and set a $141.00 price objective on shares of Fiserv in a research report on Friday, January 5th. Argus set a $148.00 price target on Fiserv and gave the stock a “buy” rating in a report on Friday, January 12th. Credit Suisse Group raised their price target on Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Robert W. Baird raised their price target on Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $160.00 price target on shares of Fiserv in a report on Monday, January 29th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $140.73.
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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