Dowling & Yahnke LLC Has $1.12 Million Position in Fiserv, Inc. (FISV)
Dowling & Yahnke LLC increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,112 shares of the business services provider’s stock after buying an additional 366 shares during the period. Dowling & Yahnke LLC’s holdings in Fiserv were worth $1,115,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in FISV. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,783,290 shares of the business services provider’s stock valued at $2,396,522,000 after buying an additional 255,329 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Fiserv by 2.9% in the first quarter. Alliancebernstein L.P. now owns 3,295,500 shares of the business services provider’s stock valued at $380,004,000 after buying an additional 92,251 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fiserv by 4.8% in the first quarter. Geode Capital Management LLC now owns 2,374,758 shares of the business services provider’s stock valued at $273,485,000 after buying an additional 109,251 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Fiserv by 0.3% in the first quarter. American Century Companies Inc. now owns 1,409,340 shares of the business services provider’s stock valued at $162,511,000 after buying an additional 4,442 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.
Fiserv, Inc. (FISV) opened at 124.05 on Tuesday. The stock has a market cap of $26.11 billion, a price-to-earnings ratio of 30.37 and a beta of 0.81. The firm’s 50 day moving average price is $124.28 and its 200 day moving average price is $119.30. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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Several analysts have recently issued reports on FISV shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price objective (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group increased their price objective on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Cantor Fitzgerald increased their price objective on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. Finally, Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the company from $131.00 to $136.00 in a research note on Monday, July 17th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus price target of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the transaction, the insider now owns 303,151 shares in the company, valued at approximately $37,912,064.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 51,000 shares of company stock worth $6,339,810 in the last quarter. 1.80% of the stock is currently owned by company insiders.
Fiserv Company Profile
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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