Meeder Asset Management Inc. boosted its position in Fiserv Inc. (NASDAQ:FISV) by 41.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,538 shares of the company’s stock after buying an additional 1,030 shares during the period. Meeder Asset Management Inc.’s holdings in Fiserv were worth $385,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of FISV. Credit Agricole S A increased its stake in shares of Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock worth $91,946,000 after buying an additional 733,391 shares during the period. Torray LLC increased its stake in shares of Fiserv by 40.2% in the first quarter. Torray LLC now owns 733,894 shares of the company’s stock worth $75,283,000 after buying an additional 210,499 shares during the period. Franklin Resources Inc. increased its stake in shares of Fiserv by 87.5% in the first quarter. Franklin Resources Inc. now owns 347,523 shares of the company’s stock worth $35,649,000 after buying an additional 162,130 shares during the period. Prudential Financial Inc. increased its stake in shares of Fiserv by 18.5% in the first quarter. Prudential Financial Inc. now owns 1,035,956 shares of the company’s stock worth $106,269,000 after buying an additional 161,920 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Fiserv by 42.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 486,150 shares of the company’s stock worth $49,869,000 after buying an additional 145,900 shares during the period. Institutional investors and hedge funds 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 company’s 50 day moving average price is $102.32 and its 200-day moving average price is $103.52. Fiserv Inc. has a one year low of $84.48 and a one year high of $111.51. The company has a market cap of $22.24 billion, a P/E ratio of 25.69 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last issued its 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 firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. Fiserv’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. Equities research analysts predict that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
A number of equities research analysts have recently commented on FISV shares. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, September 8th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $112.00 price target on shares of Fiserv in a report on Wednesday, August 3rd. Deutsche Bank AG boosted their target price on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, Barclays PLC boosted 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Fiserv currently has an average rating of “Hold” and an average target price of $104.00.
In other Fiserv news, insider Rahul Gupta sold 15,225 shares of the 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 transaction, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total value of $1,222,080.00. Following the transaction, the insider now owns 336,994 shares of the company’s stock, valued at $34,319,468.96. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Fiserv Company Profile
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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