Neuberger Berman Group LLC Has $104.57 Million Position in Fiserv, Inc. (FISV)
Neuberger Berman Group LLC cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 854,747 shares of the business services provider’s stock after selling 8,756 shares during the period. Neuberger Berman Group LLC owned approximately 0.40% of Fiserv worth $104,570,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Fiserv by 36.8% in the second quarter. Pictet Asset Management Ltd. now owns 1,105,510 shares of the business services provider’s stock valued at $138,498,000 after buying an additional 297,400 shares during the period. JPMorgan Chase & Co. increased its position in shares of Fiserv by 152.1% in the first quarter. JPMorgan Chase & Co. now owns 459,649 shares of the business services provider’s stock valued at $53,001,000 after buying an additional 277,357 shares during the period. Vanguard Group Inc. increased its position in shares of Fiserv by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,783,290 shares of the business services provider’s stock valued at $2,396,522,000 after buying an additional 255,329 shares during the period. Finally, WINTON GROUP Ltd increased its position in shares of Fiserv by 282.4% in the first quarter. WINTON GROUP Ltd now owns 345,463 shares of the business services provider’s stock valued at $34,363,000 after buying an additional 255,125 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.
Fiserv, Inc. (FISV) opened at 123.02 on Wednesday. The firm’s 50-day moving average is $124.15 and its 200-day moving average is $120.11. The company has a market capitalization of $25.89 billion, a P/E ratio of 30.12 and a beta of 0.81. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $1.08 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. Equities research analysts predict that Fiserv, Inc. will post $5.10 EPS for the current year.
Several research analysts have recently weighed in on FISV shares. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and upped their target price for the company from $131.00 to $136.00 in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, July 19th. Wedbush restated an “outperform” rating and issued a $146.25 target price (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $118.00 target price on shares of Fiserv in a research note on Tuesday, June 20th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fiserv has a consensus rating of “Hold” and an average target price of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 51,000 shares of company stock worth $6,342,700 in the last quarter. Company insiders own 1.80% of the company’s stock.
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.
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.