Welch Group LLC continued to hold its position in Fiserv Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The fund owned 1,000 shares of the company’s stock at the end of the second quarter. Welch Group LLC’s holdings in Fiserv were worth $109,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Credit Agricole S A increased its position in 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. Bank of Montreal Can purchased a new position in Fiserv during the second quarter worth about $36,230,000. Franklin Resources Inc. increased its position in 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. Adage Capital Partners GP L.L.C. increased its position in 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. Finally, Wellington Management Group LLP increased 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 worth $230,259,000 after buying an additional 126,992 shares during the period. Hedge funds and other institutional investors own 87.25% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded down 0.86% during midday trading on Tuesday, reaching $98.89. The company’s stock had a trading volume of 969,265 shares. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 25.11 and a beta of 0.91. The stock’s 50 day moving average price is $101.63 and its 200-day moving average price is $103.68. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.95 earnings per share. On average, analysts forecast that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
A number of brokerages recently commented on FISV. Jefferies Group reaffirmed a “buy” rating and issued a $121.00 target price on shares of Fiserv in a report on Monday, September 26th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, September 8th. Monness Crespi & Hardt raised Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $112.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $106.00.
In other news, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,222,080.00. Following the sale, the insider now directly owns 336,994 shares in the company, valued at $34,319,468.96. The disclosure for this sale can be found here. 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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