Louisiana State Employees Retirement System reduced its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,600 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Fiserv were worth $1,587,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of FISV. Financial Architects Inc increased its stake in 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 during the period. NN Investment Partners Holdings N.V. purchased a new position in shares of Fiserv during the first quarter worth approximately $141,000. First Manhattan Co. increased its position in shares of Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock worth $177,000 after buying an additional 134 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Fiserv during the first quarter worth approximately $200,000. Finally, Franklin Street Advisors Inc. NC purchased a new position in shares of Fiserv during the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 87.25% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded down 1.11% on Friday, hitting $101.19. 706,402 shares of the stock were exchanged. The stock has a market cap of $22.24 billion, a PE ratio of 25.69 and a beta of 0.95. Fiserv Inc. has a 1-year low of $84.48 and a 1-year high of $111.51. The company’s 50 day moving average is $102.32 and its 200 day moving average is $103.52.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The firm earned $1.36 billion during 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 company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. On average, equities research analysts expect that Fiserv Inc. will post $4.44 earnings per share for the current year.
FISV has been the subject of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $115.00 target price on shares of Fiserv in a research note on Thursday, September 8th. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Barclays PLC upped their target price on shares of Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 7th. Jefferies Group upped their target price on shares of Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $104.00.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $100.46, for a total value of $1,205,520.00. Following the completion of the sale, the insider now directly owns 323,994 shares in the company, valued at $32,548,437.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 of the company’s stock, valued at $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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