Principal Financial Group Inc. Has $46.21 Million Holdings in Fiserv Inc (FISV)

Principal Financial Group Inc. lifted its holdings in Fiserv Inc (NASDAQ:FISV) by 97.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 648,012 shares of the business services provider’s stock after buying an additional 320,056 shares during the quarter. Principal Financial Group Inc.’s holdings in Fiserv were worth $46,210,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FISV. Parallel Advisors LLC boosted its stake in shares of Fiserv by 100.0% in the first quarter. Parallel Advisors LLC now owns 1,500 shares of the business services provider’s stock valued at $107,000 after buying an additional 750 shares in the last quarter. Dubuque Bank & Trust Co. raised its holdings in Fiserv by 96.9% during the first quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock worth $107,000 after purchasing an additional 738 shares during the last quarter. Ballew Advisors Inc acquired a new position in Fiserv during the first quarter worth $114,000. Virtue Capital Management LLC acquired a new position in Fiserv during the fourth quarter worth $116,000. Finally, Litman Gregory Asset Management LLC acquired a new position in Fiserv during the first quarter worth $116,000. Hedge funds and other institutional investors own 88.09% of the company’s stock.

In other Fiserv news, insider Jeffery W. Yabuki sold 34,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $73.43, for a total transaction of $2,496,620.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kim M. Robak sold 10,388 shares of the company’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $72.92, for a total value of $757,492.96. Following the sale, the director now owns 85,094 shares in the company, valued at approximately $6,205,054.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,388 shares of company stock worth $10,472,613. Insiders own 1.70% of the company’s stock.

Several equities analysts recently issued reports on the company. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. ValuEngine raised Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Credit Suisse Group cut their price target on Fiserv from $68.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, May 2nd. Citigroup boosted their price target on Fiserv from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, May 2nd. Finally, Stephens reiterated a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research note on Thursday, April 5th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $71.50.

Fiserv opened at $75.85 on Wednesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.05 and a current ratio of 1.05. Fiserv Inc has a one year low of $59.85 and a one year high of $76.14. The stock has a market capitalization of $30.76 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. Fiserv had a return on equity of 44.13% and a net margin of 24.76%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. equities research analysts predict that Fiserv Inc will post 3.12 earnings per share for the current year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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