Jane Street Group LLC Acquires 12,325 Shares of Fiserv (FISV)
Jane Street Group LLC increased its holdings in Fiserv (NASDAQ:FISV) by 256.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,125 shares of the business services provider’s stock after purchasing an additional 12,325 shares during the period. Jane Street Group LLC’s holdings in Fiserv were worth $2,246,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Virtue Capital Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $116,000. ARK Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $118,000. Coastline Trust Co acquired a new stake in shares of Fiserv during the third quarter worth approximately $202,000. Univest Corp of Pennsylvania acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $202,000. Finally, Biltmore Family Office LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $203,000. 89.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Fiserv stock opened at $73.17 on Thursday. Fiserv has a twelve month low of $56.65 and a twelve month high of $74.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. The company has a market cap of $30,354.82, a price-to-earnings ratio of 28.69, a P/E/G ratio of 2.05 and a beta of 0.83.
In other Fiserv news, insider Jeffery W. Yabuki sold 34,000 shares of Fiserv stock in a transaction on Monday, March 19th. The shares were sold at an average price of $73.43, for a total value of $2,496,620.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry Disimone purchased 353 shares of the stock in a transaction on Wednesday, February 21st. The stock was acquired at an average price of $141.59 per share, for a total transaction of $49,981.27. Following the completion of the purchase, the director now directly owns 154 shares in the company, valued at approximately $21,804.86. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 80,160 shares of company stock worth $8,993,842. 1.80% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on FISV shares. BMO Capital Markets raised their price objective on shares of Fiserv from $66.50 to $76.00 and gave the stock an “average” rating in a report on Thursday, February 8th. SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Guggenheim reissued a “buy” rating and set a $80.00 price target on shares of Fiserv in a research note on Monday, January 29th. Argus set a $74.00 price target on shares of Fiserv and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $70.37.
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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; 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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