FDO Partners LLC Takes $488,000 Position in Fiserv, Inc. (FISV)
FDO Partners LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,782 shares of the business services provider’s stock, valued at approximately $488,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Fiserv during the second quarter valued at approximately $104,000. Acrospire Investment Management LLC purchased a new stake in Fiserv during the second quarter valued at approximately $122,000. Sun Life Financial INC raised its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares during the period. Finally, Paragon Capital Management Ltd purchased a new stake in Fiserv during the third quarter valued at approximately $206,000. 88.61% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on FISV shares. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research report on Sunday, October 8th. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Fiserv in a research report on Friday, September 8th. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $130.41.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the transaction, the insider now directly owns 330,835 shares in the company, valued at approximately $41,533,025.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,124 shares of company stock worth $5,316,303. Company insiders own 1.80% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ FISV) opened at $130.41 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $131.85. The firm has a market capitalization of $27,177.31, a P/E ratio of 26.78, a PEG ratio of 2.23 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that Fiserv, Inc. will post 5.08 EPS for the current year.
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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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