DnB Asset Management AS Grows Holdings in Fiserv Inc (FISV)

DnB Asset Management AS boosted its position in shares of Fiserv Inc (NASDAQ:FISV) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,670 shares of the business services provider’s stock after purchasing an additional 5,300 shares during the period. DnB Asset Management AS’s holdings in Fiserv were worth $5,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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. BlackRock Inc. increased its holdings 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. FMR LLC increased its holdings in Fiserv by 0.7% during the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after purchasing an additional 47,797 shares in the last quarter. Longview Partners Guernsey LTD increased its holdings 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. Finally, Bank of New York Mellon Corp increased its holdings in Fiserv by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock worth $265,398,000 after purchasing an additional 27,105 shares in the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the transaction, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Insiders sold a total of 49,439 shares of company stock valued at $6,412,063 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Fiserv Inc (FISV) opened at $137.83 on Friday. The firm has a market capitalization of $28,720.00, a PE ratio of 32.74, a PEG ratio of 2.04 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv Inc has a 1-year low of $104.51 and a 1-year high of $137.91.

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

A number of research firms have issued reports on FISV. Barclays reiterated a “hold” rating and set a $141.00 target price on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen restated a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a report on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $131.70.

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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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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