Wendell David Associates Inc. reduced its stake in Fiserv Inc (NASDAQ:FISV) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,590 shares of the business services provider’s stock after selling 4,625 shares during the period. Fiserv makes up about 2.1% of Wendell David Associates Inc.’s holdings, making the stock its 16th largest position. Wendell David Associates Inc.’s holdings in Fiserv were worth $10,792,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Perennial Advisors LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at $4,078,000. BB&T Securities LLC boosted its stake in shares of Fiserv by 2.0% in the third quarter. BB&T Securities LLC now owns 35,605 shares of the business services provider’s stock valued at $3,541,000 after buying an additional 706 shares during the last quarter. BOKF NA boosted its stake in shares of Fiserv by 1.6% in the third quarter. BOKF NA now owns 63,811 shares of the business services provider’s stock valued at $6,347,000 after buying an additional 999 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Fiserv by 48.9% in the fourth quarter. Keybank National Association OH now owns 22,738 shares of the business services provider’s stock valued at $2,417,000 after buying an additional 7,470 shares during the last quarter. Finally, Mitchell Capital Management Co. acquired a new stake in shares of Fiserv during the third quarter valued at $5,345,000. 86.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Fiserv Inc (NASDAQ:FISV) traded up 0.48% on Friday, reaching $118.35. 457,614 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $116.44 and a 200 day moving average of $108.26. Fiserv Inc has a one year low of $92.81 and a one year high of $118.36. The firm has a market capitalization of $25.39 billion, a P/E ratio of 28.52 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 8th. The business services provider reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. On average, equities research analysts predict that Fiserv Inc will post $5.11 EPS for the current year.
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Several equities research analysts have recently weighed in on FISV shares. Northcoast Research reaffirmed a “neutral” rating on shares of Fiserv in a research report on Thursday, February 9th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Monness Crespi & Hardt increased their target price on shares of Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, January 9th. BMO Capital Markets started coverage on shares of Fiserv in a research report on Thursday, January 5th. They set a “market perform” rating and a $109.00 target price for the company. Finally, Jefferies Group LLC reissued a “buy” rating and set a $127.00 target price on shares of Fiserv in a research report on Thursday, February 9th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $113.37.
In other Fiserv news, insider Jeffery W. Yabuki sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total value of $1,745,700.00. Following the transaction, the insider now directly owns 339,151 shares of the company’s stock, valued at approximately $39,470,393.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 36,000 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $110.78, for a total transaction of $3,988,080.00. Following the completion of the transaction, the insider now directly owns 336,646 shares in the company, valued at $37,293,643.88. The disclosure for this sale can be found here. Insiders sold a total of 72,309 shares of company stock worth $8,231,609 over the last ninety days. Corporate 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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