Fiserv, Inc. (FISV) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 32.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,090 shares of the business services provider’s stock after selling 6,410 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Fiserv were worth $1,688,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FISV. Janus Henderson Group PLC increased its position in Fiserv by 267.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after purchasing an additional 1,360,102 shares in the last quarter. Longview Partners Guernsey LTD increased its position in Fiserv by 23.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after purchasing an additional 1,020,121 shares in the last quarter. Voya Investment Management LLC increased its position in Fiserv by 116.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after purchasing an additional 896,418 shares in the last quarter. BlackRock Inc. increased its position in Fiserv by 3.7% during the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after purchasing an additional 528,274 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Fiserv by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. 88.43% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks, Inc. restated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Cowen and Company restated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Finally, Robert W. Baird restated an “outperform” rating and issued a $146.00 price target (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $128.45.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares in the company, valued at $32,841,805.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock worth $7,133,943 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Fiserv, Inc. (NASDAQ FISV) opened at $128.00 on Friday. Fiserv, Inc. has a one year low of $99.19 and a one year high of $130.20. The stock has a market capitalization of $26,675.07, a price-to-earnings ratio of 26.28, a P/E/G ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts predict that Fiserv, Inc. will post 5.08 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Fiserv, Inc. (FISV) Shares Sold by Daiwa Securities Group Inc.” was published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.themarketsdaily.com/2017/11/12/fiserv-inc-fisv-shares-sold-by-daiwa-securities-group-inc.html.

About Fiserv

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply