Fiserv Inc (FISV) Holdings Reduced by Windward Capital Management Co. CA
Windward Capital Management Co. CA lowered its holdings in Fiserv Inc (NASDAQ:FISV) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 135,653 shares of the business services provider’s stock after selling 1,081 shares during the quarter. Fiserv makes up 2.6% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 13th largest position. Windward Capital Management Co. CA’s holdings in Fiserv were worth $17,788,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in FISV. Federated Investors Inc. PA increased its position in shares of Fiserv by 11.7% in the second quarter. Federated Investors Inc. PA now owns 5,851 shares of the business services provider’s stock valued at $716,000 after buying an additional 613 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Fiserv in the second quarter valued at $723,000. Wells Fargo & Company MN increased its position in shares of Fiserv by 16.3% in the second quarter. Wells Fargo & Company MN now owns 385,075 shares of the business services provider’s stock valued at $47,112,000 after buying an additional 53,889 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in shares of Fiserv by 2.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 47,127 shares of the business services provider’s stock valued at $5,765,000 after buying an additional 1,266 shares in the last quarter. Finally, AJO LP purchased a new position in shares of Fiserv in the second quarter valued at $2,561,000. 88.46% of the stock is owned by institutional investors.
Shares of Fiserv Inc (NASDAQ:FISV) opened at $137.01 on Thursday. The company has a market capitalization of $28,550.00, a PE ratio of 32.54, a P/E/G ratio of 2.04 and a beta of 0.82. Fiserv Inc has a 52-week low of $104.51 and a 52-week high of $137.38. 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 (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS. analysts expect that Fiserv Inc will post 5.08 earnings per share for the current year.
A number of brokerages have recently weighed in on FISV. Robert W. Baird restated an “outperform” rating and issued a $146.00 price target (up previously from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. SunTrust Banks restated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Barclays restated a “hold” rating and issued a $141.00 price target on shares of Fiserv in a research report on Friday, January 5th. Finally, Cowen restated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $131.70.
In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the sale, the insider now owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,439 shares of company stock valued at $6,412,063. 1.80% of the stock is currently owned by company insiders.
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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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