Public Employees Retirement System of Ohio decreased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,787 shares of the business services provider’s stock after selling 7,970 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Fiserv worth $41,325,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of FISV. Empire Life Investments Inc. purchased a new position in shares of Fiserv in the 1st quarter valued at about $13,650,000. SVA Plumb Wealth Management LLC increased its holdings in shares of Fiserv by 1.8% in the 1st quarter. SVA Plumb Wealth Management LLC now owns 55,442 shares of the business services provider’s stock valued at $6,393,000 after acquiring an additional 970 shares during the last quarter. WFG Advisors LP increased its holdings in shares of Fiserv by 685.0% in the 1st quarter. WFG Advisors LP now owns 3,925 shares of the business services provider’s stock valued at $453,000 after acquiring an additional 3,425 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Fiserv by 2.9% in the 1st quarter. Alliancebernstein L.P. now owns 3,295,500 shares of the business services provider’s stock valued at $380,004,000 after acquiring an additional 92,251 shares during the last quarter. Finally, AXA increased its holdings in shares of Fiserv by 4.4% in the 1st quarter. AXA now owns 208,312 shares of the business services provider’s stock valued at $24,020,000 after acquiring an additional 8,700 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.
FISV has been the topic of a number of recent analyst reports. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, July 19th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Robert W. Baird restated a “buy” rating and set a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Finally, Barclays PLC restated an “equal weight” rating and set a $123.00 price target (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $127.77.
Fiserv, Inc. (NASDAQ:FISV) traded down 0.07% during trading on Friday, reaching $127.08. The company had a trading volume of 702,777 shares. The company has a 50-day moving average of $125.55 and a 200-day moving average of $122.79. The firm has a market capitalization of $26.75 billion, a P/E ratio of 31.11 and a beta of 0.82. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.81.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. Analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
In other news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on 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 sale, the insider now owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock valued at $7,113,543 over the last 90 days. 1.80% of the stock is currently owned by insiders.
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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