Nomura Asset Management Co. Ltd. Has $3.81 Million Stake in Fiserv, Inc. (FISV)
Nomura Asset Management Co. Ltd. grew its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,527 shares of the business services provider’s stock after buying an additional 772 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Fiserv were worth $3,807,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at about $122,000. Sun Life Financial INC increased its stake in shares of Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares in the last quarter. Pegasus Partners Ltd. purchased a new position in shares of Fiserv in the 2nd quarter valued at about $200,000. Finally, Trustmark National Bank Trust Department purchased a new position in shares of Fiserv in the 2nd quarter valued at about $204,000. 88.62% of the stock is owned by institutional investors and hedge funds.
In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total value of $2,134,180.00. Following the sale, the insider now owns 330,835 shares of the company’s stock, valued at $41,533,025.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,124 shares of company stock valued at $5,316,303. 1.80% of the stock is owned by company insiders.
Shares of Fiserv, Inc. (NASDAQ FISV) opened at $131.72 on Friday. Fiserv, Inc. has a 52 week low of $104.36 and a 52 week high of $133.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $27,342.00, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $1.14 earnings per share. Fiserv’s quarterly revenue was up 1.4% on a year-over-year basis. equities analysts anticipate that Fiserv, Inc. will post 5.08 earnings per share for the current year.
Several equities analysts recently weighed in on FISV shares. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Robert W. Baird restated a “buy” rating and issued a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Fiserv has an average rating of “Hold” and a consensus price target of $130.41.
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Fiserv Company Profile
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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