Compagnie Lombard Odier SCmA maintained its stake in Fiserv, Inc. (NASDAQ:FISV) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,225 shares of the company’s stock at the end of the third quarter. Compagnie Lombard Odier SCmA’s holdings in Fiserv were worth $2,309,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in FISV. Laurion Capital Management LP acquired a new stake in Fiserv during the third quarter valued at approximately $223,000. Ropes Wealth Advisors LLC raised its stake in Fiserv by 64.0% in the third quarter. Ropes Wealth Advisors LLC now owns 2,301 shares of the company’s stock valued at $229,000 after buying an additional 898 shares in the last quarter. First Financial Bank N.A. Trust Division raised its stake in Fiserv by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 2,436 shares of the company’s stock valued at $242,000 after buying an additional 11 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Fiserv during the second quarter valued at approximately $250,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Fiserv during the third quarter valued at approximately $269,000. 86.59% of the stock is owned by institutional investors and hedge funds.
Fiserv, Inc. (NASDAQ:FISV) opened at 109.07 on Friday. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $111.51. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 27.36 and a beta of 0.80. The company has a 50-day moving average of $108.18 and a 200-day moving average of $104.02.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $1.16 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.16. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post $5.09 earnings per share for the current year.
FISV has been the subject of several recent research reports. Monness Crespi & Hardt increased their target price on shares of Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, January 9th. Jefferies Group LLC restated a “buy” rating and issued a $127.00 price target on shares of Fiserv in a research report on Thursday. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research report on Tuesday, January 17th. BMO Capital Markets initiated coverage on shares of Fiserv in a research report on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price target for the company. Finally, William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $109.29.
In other Fiserv news, insider Kevin P. Gregoire sold 8,992 shares of Fiserv stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $105.10, for a total value of $945,059.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $102.45, for a total transaction of $1,229,400.00. Following the completion of the transaction, the insider now directly owns 302,194 shares in the company, valued at approximately $30,959,775.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,992 shares of company stock worth $3,479,099. Insiders own 1.90% of the company’s stock.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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