Thrivent Financial for Lutherans increased its position in Fiserv Inc (NASDAQ:FISV) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,520 shares of the company’s stock after buying an additional 320 shares during the period. Thrivent Financial for Lutherans’ holdings in Fiserv were worth $799,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the company. TLP Group LLC acquired a new position in shares of Fiserv during the third quarter valued at about $124,000. Bessemer Group Inc. boosted its position in shares of Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the company’s stock valued at $158,000 after buying an additional 1,021 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Fiserv by 35.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the company’s stock valued at $189,000 after buying an additional 500 shares in the last quarter. Prudential PLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $213,000. Finally, Cpcm LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $214,000. Institutional investors own 86.46% of the company’s stock.
Shares of Fiserv Inc (NASDAQ:FISV) opened at 115.49 on Tuesday. Fiserv Inc has a 52 week low of $92.81 and a 52 week high of $118.30. The firm has a market capitalization of $24.78 billion, a PE ratio of 27.83 and a beta of 0.80. The stock has a 50 day moving average of $114.40 and a 200-day moving average of $106.33.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 8th. The company reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. The company earned $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. Equities analysts anticipate that Fiserv Inc will post $5.11 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on FISV. BMO Capital Markets began coverage on shares of Fiserv in a research report on Thursday, January 5th. They issued a “market perform” rating and a $109.00 target price on the stock. Monness Crespi & Hardt lifted their target price on shares of Fiserv from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Monday, January 9th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Cantor Fitzgerald lifted their target price on shares of Fiserv from $100.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, February 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $127.00 target price on shares of Fiserv in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $109.29.
In other news, insider Lynn S. Mccreary sold 4,309 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $117.02, for a total value of $504,239.18. Following the completion of the sale, the insider now owns 20,793 shares of the company’s stock, valued at approximately $2,433,196.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 36,000 shares of the stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $110.78, for a total value of $3,988,080.00. Following the completion of the sale, the insider now directly owns 336,646 shares of the company’s stock, valued at approximately $37,293,643.88. The disclosure for this sale can be found here. In the last three months, insiders sold 57,309 shares of company stock valued at $6,485,909. 1.90% of the stock is currently owned by insiders.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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