Fiserv Inc (FISV) Holdings Boosted by Standard Life Aberdeen plc
Standard Life Aberdeen plc raised its holdings in Fiserv Inc (NASDAQ:FISV) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,231 shares of the business services provider’s stock after purchasing an additional 475 shares during the period. Standard Life Aberdeen plc’s holdings in Fiserv were worth $6,326,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. raised its position in shares of Fiserv by 1.1% in the 4th quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock valued at $1,973,053,000 after purchasing an additional 166,837 shares in the last quarter. Longview Partners Guernsey LTD raised its position in shares of Fiserv by 1.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock valued at $714,484,000 after purchasing an additional 57,150 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Fiserv by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock valued at $265,398,000 after purchasing an additional 27,105 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Fiserv by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock valued at $246,234,000 after purchasing an additional 41,256 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Fiserv by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 1,213,913 shares of the business services provider’s stock valued at $156,544,000 after purchasing an additional 27,883 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.
In other Fiserv news, Director Denis Oleary sold 12,160 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $142.64, for a total value of $1,734,502.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Insiders sold 76,599 shares of company stock worth $10,489,845 over the last ninety days. 1.80% of the stock is owned by corporate insiders.
Fiserv shares are set to split before the market opens on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly minted shares will be issued to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $1.16 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. research analysts predict that Fiserv Inc will post 6.23 earnings per share for the current year.
A number of equities analysts have issued reports on FISV shares. Citigroup upped their target price on Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Credit Suisse Group upped their target price on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, February 13th. Guggenheim reaffirmed a “buy” rating and issued a $160.00 target price on shares of Fiserv in a research report on Monday, January 29th. Finally, Barclays reissued a “hold” rating and set a $141.00 price target on shares of Fiserv in a research report on Friday, January 5th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Fiserv currently has a consensus rating of “Hold” and an average target price of $140.73.
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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