Smithfield Trust Co. raised its stake in Fiserv Inc. (NASDAQ:FISV) by 86.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,532 shares of the company’s stock after buying an additional 1,174 shares during the period. Smithfield Trust Co.’s holdings in Fiserv were worth $276,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Fiserv by 6.0% in the first quarter. Wellington Management Group LLP now owns 2,244,674 shares of the company’s stock valued at $230,259,000 after buying an additional 126,992 shares during the period. Fairfield Bush & CO. acquired a new position in Fiserv during the first quarter valued at approximately $215,000. AXA boosted its position in Fiserv by 13.8% in the first quarter. AXA now owns 169,293 shares of the company’s stock valued at $17,366,000 after buying an additional 20,554 shares during the period. Pictet Asset Management Ltd. boosted its position in Fiserv by 7.0% in the first quarter. Pictet Asset Management Ltd. now owns 850,510 shares of the company’s stock valued at $81,334,000 after buying an additional 55,400 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in Fiserv by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,579,219 shares of the company’s stock valued at $161,997,000 after buying an additional 71,406 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.
Shares of Fiserv Inc. (NASDAQ:FISV) traded up 0.55% during trading on Tuesday, reaching $100.40. The company had a trading volume of 154,923 shares. The company has a market cap of $22.07 billion, a P/E ratio of 25.49 and a beta of 0.91. Fiserv Inc. has a 12-month low of $85.63 and a 12-month high of $111.51. The firm has a 50-day moving average of $100.78 and a 200-day moving average of $103.59.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. On average, equities research analysts anticipate that Fiserv Inc. will post $4.44 EPS for the current year.
Several research analysts recently commented on the company. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Barclays PLC upped their price objective on Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. Jefferies Group upped their price objective on Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group AG restated a “hold” rating and set a $101.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their price objective on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.71.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 336,994 shares of the company’s stock, valued at $34,319,468.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $101.02, for a total value of $1,538,029.50. Following the completion of the sale, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is owned by 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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