Fiserv Inc (FISV) Position Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

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Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 5.3% in the first quarter, Holdings Channel reports. The firm owned 22,893 shares of the business services provider’s stock after buying an additional 1,155 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fiserv were worth $2,021,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LMR Partners LLP acquired a new position in Fiserv in the 4th quarter valued at about $267,000. CHICAGO TRUST Co NA boosted its stake in shares of Fiserv by 6.7% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock valued at $848,000 after buying an additional 600 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of Fiserv in the 4th quarter valued at about $800,000. Davis R M Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at about $401,000. Finally, Hoylecohen LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $205,000. 90.56% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on FISV. Royal Bank of Canada upgraded Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price objective for the company in a research note on Monday, January 28th. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Buckingham Research began coverage on Fiserv in a research note on Thursday, February 7th. They issued a “buy” rating and a $100.00 price objective for the company. Cantor Fitzgerald reiterated a “hold” rating and issued a $83.00 price objective on shares of Fiserv in a research note on Friday, February 8th. Finally, Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $88.57.

In related news, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $85.49, for a total transaction of $1,709,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Denis Oleary sold 13,728 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the sale, the director now owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,912 shares of company stock valued at $15,099,371. 1.40% of the stock is owned by company insiders.

FISV stock opened at $87.30 on Friday. The company has a market cap of $34.26 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $91.19. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. As a group, sell-side analysts anticipate that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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