MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Fiserv Inc (NASDAQ:FISV) during the 1st quarter, Holdings Channel reports. The fund purchased 817,688 shares of the business services provider’s stock, valued at approximately $72,185,000.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its position in Fiserv by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after buying an additional 898,122 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fiserv by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after buying an additional 845,558 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Fiserv by 7,194.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after buying an additional 10,203,585 shares in the last quarter. Geode Capital Management LLC lifted its position in Fiserv by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after buying an additional 469,507 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Fiserv by 3.0% during the 4th quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock worth $393,915,000 after buying an additional 154,269 shares in the last quarter. 90.56% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. William Blair reissued an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Deutsche Bank boosted their price target on shares of Fiserv from $71.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and a consensus target price of $88.57.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. Fiserv’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. As a group, equities analysts forecast that Fiserv Inc will post 3.45 earnings per share for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.49, for a total value of $1,709,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Denis Oleary sold 13,728 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the completion of the transaction, the director now directly owns 52,014 shares in the company, valued at $4,425,351.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,912 shares of company stock worth $15,099,371. Insiders own 1.40% of the company’s stock.
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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; Internet and 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.
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