Cohen Lawrence B lowered its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 9.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,925 shares of the business services provider’s stock after selling 290 shares during the period. Cohen Lawrence B’s holdings in Fiserv were worth $267,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of FISV. BlackRock Inc. boosted its holdings in shares of Fiserv by 0.8% during the first quarter. BlackRock Inc. now owns 31,604,338 shares of the business services provider’s stock worth $2,790,031,000 after acquiring an additional 258,945 shares during the period. FMR LLC boosted its holdings in shares of Fiserv by 8.6% during the first quarter. FMR LLC now owns 6,516,935 shares of the business services provider’s stock worth $575,315,000 after acquiring an additional 513,992 shares during the period. Egerton Capital UK LLP bought a new stake in shares of Fiserv during the first quarter worth approximately $568,121,000. Geode Capital Management LLC boosted its holdings in shares of Fiserv by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after acquiring an additional 469,507 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Fiserv by 1.5% during the first quarter. Northern Trust Corp now owns 5,441,830 shares of the business services provider’s stock worth $480,404,000 after acquiring an additional 81,710 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.
Shares of FISV opened at $105.78 on Wednesday. Fiserv Inc has a one year low of $68.45 and a one year high of $107.06. The firm has a market capitalization of $41.12 billion, a P/E ratio of 34.12, a P/E/G ratio of 2.33 and a beta of 0.80. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The company’s 50 day moving average price is $97.68.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total value of $177,900.00. Following the sale, the insider now owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $94.25, for a total transaction of $1,885,000.00. Following the completion of the sale, the insider now directly owns 331,429 shares in the company, valued at approximately $31,237,183.25. The disclosure for this sale can be found here. In the last three months, insiders sold 62,000 shares of company stock worth $5,911,500. 1.40% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co assumed coverage on Fiserv in a report on Wednesday, June 19th. They set an “outperform” rating and a $110.00 price objective for the company. Berenberg Bank assumed coverage on Fiserv in a report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price objective for the company. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Oppenheimer boosted their price objective on Fiserv from $97.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Royal Bank of Canada set a $106.00 price objective on Fiserv and gave the stock a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $97.75.
Fiserv Company Profile
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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