Livforsakringsbolaget Skandia Omsesidigt continued to hold its stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,104 shares of the business services provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Fiserv were worth $502,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in Fiserv by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,520 shares of the business services provider’s stock valued at $799,000 after buying an additional 320 shares during the last quarter. Ibex Wealth Advisors increased its position in shares of Fiserv by 4.9% in the fourth quarter. Ibex Wealth Advisors now owns 16,631 shares of the business services provider’s stock worth $1,822,000 after buying an additional 782 shares in the last quarter. Kentucky Retirement Systems purchased a new position in shares of Fiserv during the fourth quarter worth about $1,674,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Fiserv during the fourth quarter worth about $747,000. Finally, Pensionfund Sabic purchased a new position in shares of Fiserv during the first quarter worth about $1,499,000. Institutional investors and hedge funds own 87.60% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) traded up 0.44% on Friday, hitting $123.03. 317,853 shares of the stock were exchanged. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35. The company’s 50-day moving average is $124.36 and its 200-day moving average is $118.93. The company has a market cap of $25.89 billion, a PE ratio of 30.12 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. On average, analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.
Several brokerages have recently weighed in on FISV. Zacks Investment Research downgraded 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 objective on shares of Fiserv in a research report on Friday, April 28th. Barclays PLC reaffirmed an “equal weight” rating and issued a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. Finally, Wedbush reissued an “outperform” rating and issued a $146.25 price objective (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the transaction, the insider now directly owns 303,151 shares of the company’s stock, valued at $37,912,064.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 51,000 shares of company stock valued at $6,339,810 over the last ninety days. 1.80% of the stock is owned by insiders.
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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