Westfield Capital Management Co. LP acquired a new position in shares of Fiserv Inc (NASDAQ:FISV) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 451,001 shares of the business services provider’s stock, valued at approximately $39,814,000.
Several other hedge funds have also bought and sold shares of the company. Bremer Bank National Association acquired a new position in Fiserv in the first quarter valued at $25,000. Sontag Advisory LLC acquired a new position in Fiserv in the fourth quarter valued at $27,000. JOYN Advisors Inc. boosted its holdings in Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Destination Wealth Management acquired a new position in Fiserv in the fourth quarter valued at $30,000. Finally, WESPAC Advisors SoCal LLC acquired a new position in Fiserv in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 87.39% of the company’s stock.
NASDAQ:FISV traded up $0.39 during mid-day trading on Friday, hitting $89.05. The company had a trading volume of 64,234 shares, compared to its average volume of 3,254,757. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $91.38. The firm has a market capitalization of $35.23 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78.
In other Fiserv news, CEO Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the transaction, the chief executive officer now directly owns 391,146 shares of the company’s stock, valued at $33,329,550.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total value of $4,198,000.00. Following the completion of the transaction, the insider now directly owns 436,141 shares in the company, valued at $36,618,398.36. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $7,789,900 over the last three months. 1.40% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on the company. Oppenheimer lifted their target price on Fiserv from $97.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Moffett Nathanson assumed coverage on Fiserv in a report on Tuesday, May 21st. They issued a “buy” rating and a $108.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Finally, Susquehanna Bancshares assumed coverage on Fiserv in a report on Friday, May 31st. They issued a “neutral” rating and a $95.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. Fiserv has an average rating of “Buy” and a consensus price target of $91.45.
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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