First Trust Advisors LP raised its position in Fiserv Inc (NASDAQ:FISV) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,983 shares of the business services provider’s stock after buying an additional 17,880 shares during the quarter. First Trust Advisors LP’s holdings in Fiserv were worth $19,012,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coastline Trust Co purchased a new stake in Fiserv in the third quarter valued at approximately $202,000. Univest Corp of Pennsylvania purchased a new stake in Fiserv in the fourth quarter valued at approximately $202,000. Paragon Capital Management Ltd purchased a new stake in Fiserv in the third quarter valued at approximately $206,000. Associated Banc Corp purchased a new stake in Fiserv in the third quarter valued at approximately $261,000. Finally, Claraphi Advisory Network LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $267,000. Institutional investors own 86.71% of the company’s stock.
Several equities research analysts have recently commented on the company. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. Cowen restated a “hold” rating and set a $135.00 price target on shares of Fiserv in a research note on Thursday, February 8th. Credit Suisse Group cut their price target on Fiserv from $140.00 to $136.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. BMO Capital Markets upped their price target on Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a research note on Thursday, February 8th. Finally, Stephens restated a “hold” rating and set a $146.00 price target on shares of Fiserv in a research note on Friday, February 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $140.73.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. Fiserv’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. equities analysts expect that Fiserv Inc will post 6.22 EPS for the current fiscal year.
In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the transaction, the insider now owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Insiders sold 76,599 shares of company stock valued at $10,489,845 in the last quarter. 1.80% of the stock is currently owned by company insiders.
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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