Fiserv Inc. (FISV) Position Decreased by Seaward Management Limited Partnership
Seaward Management Limited Partnership decreased its position in Fiserv Inc. (NASDAQ:FISV) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,806 shares of the company’s stock after selling 825 shares during the period. Seaward Management Limited Partnership’s holdings in Fiserv were worth $9,329,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of FISV. Financial Architects Inc boosted its stake in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Fiserv during the first quarter valued at approximately $141,000. First Manhattan Co. boosted its stake in Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock valued at $177,000 after buying an additional 134 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Fiserv during the first quarter valued at approximately $200,000. Finally, Franklin Street Advisors Inc. NC purchased a new stake in Fiserv during the second quarter valued at approximately $210,000. 87.25% of the stock is owned by institutional investors and hedge funds.
Shares of Fiserv Inc. (NASDAQ:FISV) traded up 2.17% during trading on Wednesday, reaching $101.50. 1,317,284 shares of the company’s stock were exchanged. The firm has a market capitalization of $22.31 billion, a P/E ratio of 25.77 and a beta of 0.95. The company has a 50 day moving average of $102.51 and a 200 day moving average of $103.50. Fiserv Inc. has a 52-week low of $84.48 and a 52-week high of $111.51.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. Equities analysts anticipate that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
FISV has been the subject of several recent analyst reports. Jefferies Group lifted their target price on shares of Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Thursday, August 4th. Barclays PLC boosted their price objective on shares of Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. JPMorgan Chase & Co. reissued a “hold” rating and set a $112.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $101.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $104.00.
In other news, insider Rahul Gupta sold 15,225 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the transaction, the insider now owns 66,129 shares in the company, valued at approximately $6,680,351.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total transaction of $1,222,080.00. Following the transaction, the insider now owns 336,994 shares in the company, valued at approximately $34,319,468.96. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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