Copper Rock Capital Partners LLC raised its position in shares of Fiserv Inc. (NASDAQ:FISV) by 12.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,397 shares of the company’s stock after buying an additional 695 shares during the period. Copper Rock Capital Partners LLC’s holdings in Fiserv were worth $638,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised 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. Adage Capital Partners GP L.L.C. raised its stake in Fiserv by 42.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 486,150 shares of the company’s stock worth $49,869,000 after buying an additional 145,900 shares in the last quarter. Bank of Montreal Can bought a new stake in Fiserv during the second quarter worth $36,230,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Fiserv by 65.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,448 shares of the company’s stock worth $2,306,000 after buying an additional 8,874 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Fiserv by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 190,178 shares of the company’s stock worth $20,678,000 after buying an additional 1,817 shares in the last quarter. 87.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fiserv Inc. (NASDAQ:FISV) opened at 99.98 on Friday. The firm has a market capitalization of $21.98 billion, a P/E ratio of 25.38 and a beta of 0.91. The firm’s 50-day moving average price is $101.33 and its 200 day moving average price is $103.61. Fiserv Inc. has a 12 month low of $85.63 and a 12 month high of $111.51.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Analysts anticipate that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
A number of research firms have weighed in on FISV. JPMorgan Chase & Co. restated a “hold” rating and set a $112.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating and set a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Deutsche Bank AG upped their target price on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Barclays PLC upped their target price on Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and an average price target of $105.71.
In other Fiserv news, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $101.02, for a total value of $1,538,029.50. Following the completion of the transaction, the insider now owns 66,129 shares in the company, valued at $6,680,351.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $100.46, for a total transaction of $1,205,520.00. Following the completion of the transaction, the insider now owns 323,994 shares of the company’s stock, valued at approximately $32,548,437.24. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
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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