Forsta AP Fonden Sells 9,200 Shares of Fiserv Inc (FISV)
Forsta AP Fonden trimmed its position in shares of Fiserv Inc (NASDAQ:FISV) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,600 shares of the business services provider’s stock after selling 9,200 shares during the period. Forsta AP Fonden’s holdings in Fiserv were worth $4,467,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. LMR Partners LLP bought a new position in Fiserv during the fourth quarter valued at about $267,000. CHICAGO TRUST Co NA raised its holdings in Fiserv by 6.7% during the first quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock valued at $848,000 after buying an additional 600 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Fiserv during the fourth quarter valued at about $800,000. Hoylecohen LLC bought a new position in Fiserv during the fourth quarter valued at about $205,000. Finally, Sandy Spring Bank raised its holdings in Fiserv by 5.8% during the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock valued at $200,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.
Several equities analysts have weighed in on FISV shares. Keefe, Bruyette & Woods started coverage on Fiserv in a report on Monday, April 8th. They set a “market perform” rating and a $101.00 target price on the stock. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $85.21 price objective on shares of Fiserv in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.57.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. On average, sell-side analysts predict that Fiserv Inc will post 3.45 EPS for the current year.
In other news, insider Kenneth Best sold 13,280 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $84.95, for a total value of $1,128,136.00. Following the transaction, the insider now directly owns 38,364 shares of the company’s stock, valued at approximately $3,259,021.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total value of $4,242,500.00. Following the completion of the transaction, the insider now directly owns 441,112 shares in the company, valued at $37,428,353.20. The disclosure for this sale can be found here. Insiders have sold 177,912 shares of company stock worth $15,099,371 over the last ninety days. Company insiders own 1.40% of the company’s stock.
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Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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