Elkhorn Investments LLC decreased its stake in Fiserv Inc (NASDAQ:FISV) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,743 shares of the business services provider’s stock after selling 652 shares during the period. Elkhorn Investments LLC’s holdings in Fiserv were worth $1,322,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Advisor Group Inc. raised its position in Fiserv by 6.8% in the third quarter. Advisor Group Inc. now owns 6,473 shares of the business services provider’s stock worth $835,000 after acquiring an additional 411 shares during the period. Standard Life Aberdeen plc raised its position in Fiserv by 1.0% in the fourth 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 during the period. Peddock Capital Advisors LLC raised its position in Fiserv by 3.5% in the third quarter. Peddock Capital Advisors LLC now owns 14,153 shares of the business services provider’s stock worth $1,825,000 after acquiring an additional 480 shares during the period. Eagle Asset Management Inc. raised its position in Fiserv by 0.9% in the fourth 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 during the period. Finally, New Mexico Educational Retirement Board raised its position in Fiserv by 2.5% in the fourth 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 during the period. 89.49% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on FISV. SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Cowen reissued a “hold” rating and issued a $135.00 price target on shares of Fiserv in a research report on Thursday, February 8th. BMO Capital Markets boosted their price target on shares of Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a research report on Thursday, February 8th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research report on Wednesday, February 7th. Finally, Stephens reissued a “hold” rating and issued a $146.00 price target on shares of Fiserv in a research report on Friday, February 9th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $140.73.
Fiserv Inc (NASDAQ FISV) traded up $0.47 during midday trading on Wednesday, hitting $147.97. 398,513 shares of the stock traded hands, compared to its average volume of 1,211,511. Fiserv Inc has a one year low of $113.29 and a one year high of $148.65. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $30,503.59, a price-to-earnings ratio of 25.43, a P/E/G ratio of 2.06 and a beta of 0.83.
Fiserv’s stock is scheduled to split before the market opens on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly issued shares will be issued to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. Fiserv’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 earnings per share. equities research analysts expect that Fiserv Inc will post 6.23 earnings per share for the current fiscal year.
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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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