Public Employees Retirement Association of Colorado lowered its position in Fiserv Inc. (NASDAQ:FISV) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,330 shares of the company’s stock after selling 4,348 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Fiserv were worth $65,383,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Fiserv by 6.0% in the first quarter. Wellington Management Group LLP now owns 2,244,674 shares of the company’s stock worth $230,259,000 after buying an additional 126,992 shares in the last quarter. Investec Asset Management LTD increased its position in Fiserv by 6.0% in the first quarter. Investec Asset Management LTD now owns 1,928,611 shares of the company’s stock worth $197,837,000 after buying an additional 109,973 shares during the period. UBS Asset Management Americas Inc. increased its position in Fiserv by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,579,219 shares of the company’s stock worth $161,997,000 after buying an additional 71,406 shares during the period. Credit Agricole S A increased its position in Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock worth $91,946,000 after buying an additional 733,391 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in Fiserv by 7.0% in the first quarter. Pictet Asset Management Ltd. now owns 850,510 shares of the company’s stock worth $81,334,000 after buying an additional 55,400 shares during the period. 87.25% of the stock is owned by institutional investors.
Fiserv Inc. (NASDAQ:FISV) traded down 0.82% during mid-day trading on Friday, hitting $99.98. The stock had a trading volume of 1,570,955 shares. Fiserv Inc. has a 52 week low of $85.63 and a 52 week high of $111.51. The firm has a market cap of $21.98 billion, a PE ratio of 25.38 and a beta of 0.91. The company’s 50 day moving average price is $101.40 and its 200 day moving average price is $103.62.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. Analysts anticipate that Fiserv Inc. will post $4.44 earnings per share for the current year.
FISV has been the subject of a number of analyst reports. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Tuesday, July 5th. Barclays PLC boosted their price target on Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Deutsche Bank AG boosted their price target on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $112.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Fiserv has a consensus rating of “Hold” and an average price target of $105.71.
In related news, insider Rahul Gupta sold 15,225 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the sale, the insider now owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total value of $1,222,080.00. Following the sale, the insider now directly owns 336,994 shares in the company, valued at approximately $34,319,468.96. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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