Fayerweather Charles increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,180 shares of the business services provider’s stock after purchasing an additional 545 shares during the period. Fiserv makes up approximately 4.3% of Fayerweather Charles’ portfolio, making the stock its 4th biggest holding. Fayerweather Charles’ holdings in Fiserv were worth $3,247,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Gardiner Nancy B boosted its stake in Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock worth $1,445,000 after buying an additional 762 shares in the last quarter. Atria Investments LLC purchased a new stake in Fiserv in the second quarter worth approximately $201,000. Dupont Capital Management Corp boosted its stake in Fiserv by 6.8% in the second quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after buying an additional 826 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in Fiserv by 2.2% in the second quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after buying an additional 378 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in Fiserv by 38.1% in the second quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after buying an additional 19,050 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.
Fiserv, Inc. (FISV) traded down 0.82% during mid-day trading on Monday, hitting $129.11. The stock had a trading volume of 117,701 shares. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 31.61 and a beta of 0.82. The stock’s 50-day moving average price is $126.91 and its 200-day moving average price is $123.67. Fiserv, Inc. has a 12 month low of $97.06 and a 12 month high of $130.20.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. On average, analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.
Several brokerages have issued reports on FISV. Barclays PLC reaffirmed an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv currently has an average rating of “Hold” and an average target price of $127.77.
In other news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the transaction, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,124 shares of company stock worth $7,133,943. Corporate insiders own 1.80% of the company’s stock.
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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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