Teachers Advisors LLC raised its stake in shares of Fiserv Inc (NASDAQ:FISV) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 472,272 shares of the business services provider’s stock after acquiring an additional 27,677 shares during the quarter. Teachers Advisors LLC owned approximately 0.23% of Fiserv worth $61,929,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Fiserv by 3.2% during the fourth quarter. Huntington National Bank now owns 226,079 shares of the business services provider’s stock valued at $29,646,000 after acquiring an additional 6,947 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Fiserv during the third quarter valued at $1,290,000. Eqis Capital Management Inc. raised its holdings in shares of Fiserv by 5.4% in the fourth quarter. Eqis Capital Management Inc. now owns 16,509 shares of the business services provider’s stock valued at $2,165,000 after buying an additional 843 shares during the last quarter. American National Bank raised its holdings in shares of Fiserv by 2.8% in the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock valued at $5,356,000 after buying an additional 1,115 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Fiserv by 8.7% in the third quarter. Synovus Financial Corp now owns 32,171 shares of the business services provider’s stock valued at $4,150,000 after buying an additional 2,565 shares during the last quarter. 89.49% of the stock is owned by institutional investors.
Shares of Fiserv Inc (NASDAQ:FISV) opened at $148.44 on Friday. 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 $30,509.79, a PE ratio of 25.59, a P/E/G ratio of 2.06 and a beta of 0.83. Fiserv Inc has a 12-month low of $113.29 and a 12-month high of $148.91.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.03. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. analysts anticipate that Fiserv Inc will post 6.23 EPS for the current year.
A number of research analysts recently issued reports on FISV shares. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, February 7th. Barclays reaffirmed a “hold” rating and issued a $141.00 price target on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Tuesday, February 13th. Credit Suisse Group lifted their price target on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Citigroup lifted their price target on Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $140.73.
In related news, Director Denis Oleary sold 12,160 shares of Fiserv stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $142.64, for a total value of $1,734,502.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry Disimone acquired 353 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average price of $141.59 per share, with a total value of $49,981.27. Following the completion of the transaction, the director now owns 154 shares of the company’s stock, valued at $21,804.86. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 63,160 shares of company stock valued at $8,727,282. Corporate insiders own 1.80% of the company’s stock.
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.
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.