Valeo Financial Advisors LLC Boosts Stock Holdings in Fiserv Inc (NASDAQ:FISV)
Valeo Financial Advisors LLC grew its position in shares of Fiserv Inc (NASDAQ:FISV) by 51.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 828 shares of the business services provider’s stock after buying an additional 282 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Fiserv were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in shares of Fiserv in the 3rd quarter worth $11,438,995,000. BlackRock Inc. raised its holdings in shares of Fiserv by 2.8% in the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after purchasing an additional 883,535 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,949,480 shares of the business services provider’s stock valued at $2,791,697,000 after purchasing an additional 1,445,676 shares in the last quarter. State Street Corp raised its holdings in shares of Fiserv by 44.0% in the 3rd quarter. State Street Corp now owns 23,673,283 shares of the business services provider’s stock valued at $2,452,315,000 after purchasing an additional 7,234,231 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Fiserv by 11.5% in the 3rd quarter. Voya Investment Management LLC now owns 4,259,772 shares of the business services provider’s stock valued at $441,270,000 after purchasing an additional 439,268 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.
Several analysts have recently commented on FISV shares. BidaskClub raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group started coverage on shares of Fiserv in a report on Monday, October 14th. They issued a “buy” rating and a $120.00 price objective on the stock. Bank of America started coverage on shares of Fiserv in a report on Tuesday, December 3rd. They issued a “buy” rating on the stock. SunTrust Banks upped their price objective on shares of Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Moffett Nathanson downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $114.37.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that Fiserv Inc will post 4.01 EPS for the current fiscal year.
In other news, insider Guy Chiarello sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $114.28, for a total value of $3,428,400.00. Following the transaction, the insider now owns 326,103 shares in the company, valued at $37,267,050.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lynn S. Mccreary sold 18,000 shares of Fiserv stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $111.39, for a total value of $2,005,020.00. Following the completion of the transaction, the insider now owns 70,364 shares in the company, valued at approximately $7,837,845.96. The disclosure for this sale can be found here. Insiders have sold 171,500 shares of company stock worth $19,741,890 in the last 90 days. Company insiders own 1.40% of the company’s stock.
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; Internet and 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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