Pictet Asset Management Ltd. increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,161,710 shares of the business services provider’s stock after buying an additional 56,200 shares during the quarter. Pictet Asset Management Ltd. owned 0.55% of Fiserv worth $149,814,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in FISV. Gardiner Nancy B increased its position in shares of Fiserv by 6.5% during the 1st quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after purchasing an additional 762 shares during the last quarter. Atria Investments LLC purchased a new position in Fiserv during the second quarter valued at $201,000. Dupont Capital Management Corp raised its stake in shares of Fiserv by 6.8% in the second quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after purchasing an additional 826 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Fiserv by 2.2% in the second quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after purchasing an additional 378 shares during the last quarter. Finally, Tredje AP fonden grew its holdings in shares of Fiserv by 38.1% in the second quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after acquiring an additional 19,050 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.
Fiserv, Inc. (NASDAQ FISV) traded up $0.16 during mid-day trading on Tuesday, hitting $128.16. 693,400 shares of the stock traded hands, compared to its average volume of 867,757. The firm has a market capitalization of $26,675.12, a price-to-earnings ratio of 26.28, a PEG ratio of 2.19 and a beta of 0.82. Fiserv, Inc. has a twelve month low of $100.03 and a twelve month high of $130.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. sell-side analysts expect that Fiserv, Inc. will post 5.08 EPS for the current year.
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Several analysts have issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $128.00 price target (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Barclays PLC restated an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv has an average rating of “Hold” and an average price target of $128.45.
In other news, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the completion of the transaction, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,124 shares of company stock worth $7,133,943. 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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