Mitchell Capital Management Co. Decreases Position in Fiserv, Inc. (FISV)
Mitchell Capital Management Co. trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 3.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,799 shares of the business services provider’s stock after selling 1,731 shares during the period. Fiserv accounts for about 2.2% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 21st biggest holding. Mitchell Capital Management Co.’s holdings in Fiserv were worth $6,164,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. BlackRock Inc. grew its stake in Fiserv by 3.7% in the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after purchasing an additional 528,274 shares in the last quarter. FMR LLC grew its stake in Fiserv by 0.7% in the second quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after purchasing an additional 47,797 shares in the last quarter. Longview Partners Guernsey LTD grew its stake in Fiserv by 23.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after purchasing an additional 1,020,121 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Fiserv by 7.0% in the second quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock worth $431,555,000 after purchasing an additional 232,005 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
A number of equities analysts recently commented on FISV shares. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Robert W. Baird reissued an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $136.00 in a report on Monday, July 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a report on Wednesday, September 6th. Finally, Cowen and Company reissued a “hold” rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, October 12th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $128.45.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the transaction, the insider now owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on 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 directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock worth $7,133,943 in the last three months. Corporate insiders own 1.80% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) traded up $0.45 on Friday, hitting $127.03. The stock had a trading volume of 1,038,188 shares, compared to its average volume of 1,083,165. Fiserv, Inc. has a 52 week low of $97.06 and a 52 week high of $130.20. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.96 and a current ratio of 1.01. The company has a market capitalization of $26,472.93, a PE ratio of 26.08, a PEG ratio of 2.17 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $1.14 EPS. Fiserv’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Fiserv, Inc. will post 5.09 earnings per share for the current fiscal year.
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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