Ashburton Jersey Ltd cut its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 24.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,193 shares of the company’s stock after selling 8,847 shares during the period. Fiserv makes up 1.2% of Ashburton Jersey Ltd’s portfolio, making the stock its 22nd largest position. Ashburton Jersey Ltd’s holdings in Fiserv were worth $2,957,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the stock. Financial Architects Inc increased its stake in shares of Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Fiserv during the first quarter valued at approximately $141,000. First Manhattan Co. increased its stake in shares of Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock valued at $177,000 after buying an additional 134 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $200,000. Finally, Franklin Street Advisors Inc. NC bought a new stake in shares of Fiserv during the second quarter valued at approximately $210,000. Institutional investors and hedge funds own 87.24% of the company’s stock.
Shares of Fiserv Inc. (NASDAQ:FISV) traded down 0.25% during mid-day trading on Wednesday, reaching $99.81. The company had a trading volume of 1,198,383 shares. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of 25.34 and a beta of 0.91. The firm’s 50-day moving average is $100.69 and its 200 day moving average is $103.57. Fiserv Inc. has a 12 month low of $85.63 and a 12 month high of $111.51.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, equities research analysts predict that Fiserv Inc. will post $4.44 earnings per share for the current year.
Several equities research analysts recently issued reports on FISV shares. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Jefferies Group increased their price objective on Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Barclays PLC increased their price objective on Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reissued a “hold” rating and issued a $101.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their target price on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.71.
In related news, insider Rahul Gupta sold 15,225 shares of the company’s 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 in the company, valued at $6,680,351.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of the company’s 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 owns 336,994 shares in the company, valued at approximately $34,319,468.96. The disclosure for this sale can be found here. 1.90% of the stock is owned by 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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