Fiserv, Inc. (FISV) Stake Lowered by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. cut its stake in Fiserv, Inc. (NASDAQ:FISV) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,600 shares of the business services provider’s stock after selling 31,825 shares during the period. Asset Management One Co. Ltd. owned approximately 0.16% of Fiserv worth $40,092,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. First Manhattan Co. raised its stake in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after buying an additional 134 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Fiserv during the first quarter valued at about $131,000. Bessemer Group Inc. raised its stake in Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,021 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its stake in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the last quarter. Finally, University of Texas Investment Managment Co. purchased a new stake in Fiserv during the first quarter valued at about $184,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ FISV) traded down 0.65% on Friday, reaching $124.65. 1,732,423 shares of the company’s stock were exchanged. The firm has a market cap of $26.47 billion, a PE ratio of 31.14 and a beta of 0.81. The company has a 50 day moving average price of $122.15 and a 200 day moving average price of $114.36. Fiserv, Inc. has a one year low of $92.81 and a one year high of $126.28.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Analysts expect that Fiserv, Inc. will post $5.13 EPS for the current fiscal year.
FISV has been the subject of several research reports. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Credit Suisse Group restated a “hold” rating and set a $116.00 price target on shares of Fiserv in a research report on Friday, April 28th. Wedbush restated an “outperform” rating and set a $146.25 price target (up previously from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Vetr upgraded shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price target for the company in a research report on Monday, April 3rd. Finally, Monness Crespi & Hardt increased their price target on shares of Fiserv from $118.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, April 3rd. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $119.25.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the transaction, the insider now owns 323,776 shares of the company’s stock, valued at approximately $39,452,105.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total value of $240,380.00. Following the transaction, the insider now directly owns 337,151 shares in the company, valued at approximately $40,522,178.69. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock worth $4,057,530 over the last ninety days. Insiders own 1.90% of the company’s stock.
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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