IFM Investors Pty Ltd Takes Position in Fiserv, Inc. (FISV)
IFM Investors Pty Ltd acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,043 shares of the business services provider’s stock, valued at approximately $779,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new position in Fiserv in the 3rd quarter valued at approximately $393,000. Sterling Capital Management LLC grew its stake in shares of Fiserv by 5.3% in the 3rd quarter. Sterling Capital Management LLC now owns 15,956 shares of the business services provider’s stock valued at $2,058,000 after purchasing an additional 806 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Fiserv by 0.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 857,157 shares of the business services provider’s stock valued at $110,539,000 after purchasing an additional 2,410 shares during the period. California Public Employees Retirement System grew its stake in shares of Fiserv by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 572,235 shares of the business services provider’s stock valued at $73,795,000 after purchasing an additional 34,935 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Fiserv by 22.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,868 shares of the business services provider’s stock valued at $1,659,000 after purchasing an additional 2,358 shares during the period. 88.62% of the stock is owned by institutional investors and hedge funds.
FISV has been the topic of a number of research analyst reports. 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 target on shares of Fiserv in a research report on Sunday, October 8th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $136.00 price target on shares of Fiserv in a research report on Friday, September 8th. Finally, Cowen restated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Fiserv has an average rating of “Hold” and an average target price of $130.41.
Fiserv, Inc. (NASDAQ:FISV) opened at $130.81 on Thursday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $27,342.00, a price-to-earnings ratio of 26.94, a PEG ratio of 2.25 and a beta of 0.82. Fiserv, Inc. has a 12 month low of $104.51 and a 12 month high of $133.11.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. sell-side analysts forecast that Fiserv, Inc. will post 5.08 earnings per share for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold a total of 45,563 shares of company stock worth $5,768,566 in the last ninety days. 1.80% of the stock is currently owned by company insiders.
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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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