Calamos Advisors LLC boosted its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 65,642 shares of the company’s stock after buying an additional 25 shares during the period. Calamos Advisors LLC’s holdings in Fiserv were worth $7,137,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of FISV. Credit Agricole S A increased its stake in Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock valued at $91,946,000 after buying an additional 733,391 shares in the last quarter. Bank of Montreal Can bought a new stake in Fiserv during the second quarter valued at about $36,230,000. Torray LLC increased its stake in Fiserv by 40.2% in the first quarter. Torray LLC now owns 733,894 shares of the company’s stock valued at $75,283,000 after buying an additional 210,499 shares in the last quarter. Franklin Resources Inc. increased its stake in Fiserv by 87.5% in the first quarter. Franklin Resources Inc. now owns 347,523 shares of the company’s stock valued at $35,649,000 after buying an additional 162,130 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Fiserv by 18.5% in the first quarter. Prudential Financial Inc. now owns 1,035,956 shares of the company’s stock valued at $106,269,000 after buying an additional 161,920 shares in the last quarter. Institutional investors and hedge funds own 87.25% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded down 0.25% during mid-day trading on Friday, hitting $99.47. The company had a trading volume of 1,456,494 shares. The stock has a 50 day moving average price of $101.73 and a 200-day moving average price of $103.63. Fiserv Inc. has a 1-year low of $85.63 and a 1-year high of $111.51. The stock has a market capitalization of $21.86 billion, a PE ratio of 25.25 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. On average, analysts forecast that Fiserv Inc. will post $4.44 earnings per share for the current year.
FISV has been the topic of several recent research reports. Jefferies Group restated a “buy” rating and set a $121.00 target price on shares of Fiserv in a research report on Monday. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective on shares of Fiserv in a research report on Thursday, September 8th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $112.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG increased their price objective on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $104.00.
In other Fiserv news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 66,129 shares in the company, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
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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