Vaughan Nelson Investment Management L.P. Buys 168,950 Shares of Fiserv (FISV)

Vaughan Nelson Investment Management L.P. boosted its stake in shares of Fiserv (NASDAQ:FISV) by 97.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 342,650 shares of the business services provider’s stock after buying an additional 168,950 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.08% of Fiserv worth $24,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Standard Life Aberdeen plc raised its position in shares of Fiserv by 1.0% in the 4th quarter. Standard Life Aberdeen plc now owns 48,231 shares of the business services provider’s stock worth $6,326,000 after acquiring an additional 475 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Fiserv by 0.9% in the 4th quarter. Eagle Asset Management Inc. now owns 52,703 shares of the business services provider’s stock worth $6,909,000 after acquiring an additional 485 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of Fiserv by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock worth $2,656,000 after acquiring an additional 500 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Fiserv by 9.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,080 shares of the business services provider’s stock worth $797,000 after acquiring an additional 512 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its position in shares of Fiserv by 26.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 2,840 shares of the business services provider’s stock worth $372,000 after acquiring an additional 600 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fiserv opened at $71.68 on Friday, MarketBeat Ratings reports. Fiserv has a one year low of $59.85 and a one year high of $74.46. The stock has a market capitalization of $29.43 billion, a P/E ratio of 28.00, a PEG ratio of 2.01 and a beta of 0.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, May 1st. The business services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Fiserv had a return on equity of 44.13% and a net margin of 24.76%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $1.13 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. analysts expect that Fiserv will post 3.12 EPS for the current fiscal year.

Several research analysts have recently weighed in on FISV shares. Citigroup lifted their price objective on Fiserv from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Cowen reissued a “hold” rating and issued a $68.00 price objective on shares of Fiserv in a research report on Friday, March 23rd. Zacks Investment Research lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. ValuEngine lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Finally, Credit Suisse Group lowered their price objective on Fiserv from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $71.62.

In other Fiserv news, insider Jeffery W. Yabuki sold 34,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $73.43, for a total transaction of $2,496,620.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $72.26, for a total value of $3,613,000.00. Following the sale, the insider now directly owns 617,380 shares of the company’s stock, valued at $44,611,878.80. The disclosure for this sale can be found here. Insiders sold a total of 134,000 shares of company stock valued at $9,715,120 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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