6,435,439 Shares in Fiserv Inc (FISV) Purchased by Egerton Capital UK LLP

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Egerton Capital UK LLP purchased a new stake in shares of Fiserv Inc (NASDAQ:FISV) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,435,439 shares of the business services provider’s stock, valued at approximately $568,121,000. Fiserv makes up 4.0% of Egerton Capital UK LLP’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors also recently modified their holdings of the company. We Are One Seven LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $27,000. Sontag Advisory LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $27,000. Destination Wealth Management acquired a new stake in shares of Fiserv in the fourth quarter worth $30,000. JOYN Advisors Inc. increased its stake in shares of Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after acquiring an additional 180 shares during the period. Finally, WESPAC Advisors SoCal LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $31,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

FISV stock opened at $87.20 on Friday. The firm has a market cap of $34.70 billion, a P/E ratio of 28.13, a PEG ratio of 2.13 and a beta of 0.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. Fiserv Inc has a one year low of $68.45 and a one year high of $91.19.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. Research analysts predict that Fiserv Inc will post 3.46 earnings per share for the current year.

A number of research firms have recently weighed in on FISV. Moffett Nathanson began coverage on shares of Fiserv in a research note on Tuesday. They issued a “buy” rating and a $108.00 price objective on the stock. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Fiserv in a research note on Wednesday, May 1st. Deutsche Bank increased their price objective on shares of Fiserv from $71.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Finally, BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $89.59.

In other Fiserv news, Director Kim M. Robak sold 10,904 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $87.01, for a total transaction of $948,757.04. Following the transaction, the director now directly owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the transaction, the insider now directly owns 436,141 shares in the company, valued at $36,618,398.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,912 shares of company stock worth $11,034,771. 1.40% of the stock is owned by company insiders.

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Fiserv 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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