Ballentine Partners LLC Invests $464,000 in Fiserv, Inc. (FISV) Stock
Ballentine Partners LLC acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,596 shares of the business services provider’s stock, valued at approximately $464,000.
A number of other hedge funds have also recently made changes to their positions in FISV. Janus Henderson Group PLC boosted its holdings in shares of Fiserv by 267.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after acquiring an additional 1,360,102 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in shares of Fiserv by 23.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after acquiring an additional 1,020,121 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Fiserv by 116.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after acquiring an additional 896,418 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Fiserv by 3.7% during the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after acquiring an additional 528,274 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Fiserv by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after acquiring an additional 518,262 shares during the last quarter. 88.43% of the stock is currently owned by institutional investors.
Fiserv, Inc. (NASDAQ FISV) traded down $0.88 during trading on Friday, hitting $128.00. 482,700 shares of the stock traded hands, compared to its average volume of 1,064,747. The company has a market capitalization of $26,675.07, a PE ratio of 26.28, a P/E/G ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. Fiserv, Inc. has a 52-week low of $99.19 and a 52-week high of $130.20.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. sell-side analysts expect that Fiserv, Inc. will post 5.08 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets raised their price target on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 price objective (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $123.00 price objective (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $128.45.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the sale, the insider now owns 269,151 shares in the company, valued at $32,841,805.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,124 shares of company stock worth $7,133,943. Company 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.
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