Burney Co. boosted its position in Fiserv, Inc. (NASDAQ:FISV) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,802 shares of the company’s stock after buying an additional 1,325 shares during the period. Burney Co.’s holdings in Fiserv were worth $935,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in FISV. TLP Group LLC bought a new stake in Fiserv during the third quarter valued at $124,000. Bessemer Group Inc. increased its stake in Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the company’s stock valued at $158,000 after buying an additional 1,021 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Fiserv by 35.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the company’s stock valued at $189,000 after buying an additional 500 shares during the period. Laurion Capital Management LP bought a new stake in Fiserv during the third quarter valued at $223,000. Finally, Ropes Wealth Advisors LLC increased 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 during the period. Institutional investors and hedge funds own 86.59% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded down 0.37% during midday trading on Friday, reaching $109.07. 1,226,602 shares of the company were exchanged. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $111.51. The stock’s 50-day moving average price is $108.18 and its 200-day moving average price is $104.02. The company has a market capitalization of $23.98 billion, a PE ratio of 26.28 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $1.16 EPS for the quarter, hitting the consensus estimate of $1.16. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. Fiserv’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post $5.09 EPS for the current year.
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FISV has been the subject of several research reports. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Tuesday, January 17th. William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. They noted that the move was a valuation call. Monness Crespi & Hardt lifted their target price on shares of Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a report on Monday, January 9th. Pacific Crest initiated coverage on shares of Fiserv in a report on Friday, November 18th. They issued a “sector weight” rating and a $101.00 target price for the company. Finally, Northcoast Research reiterated a “neutral” rating on shares of Fiserv in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $109.29.
In other news, insider Kevin P. Gregoire sold 8,992 shares of the stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $105.10, for a total value of $945,059.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $102.45, for a total transaction of $1,229,400.00. Following the completion of the sale, the insider now directly owns 302,194 shares of the company’s stock, valued at approximately $30,959,775.30. The disclosure for this sale can be found here. Insiders have sold 32,992 shares of company stock valued at $3,479,099 in the last ninety days. 1.90% of the stock is currently owned by company insiders.
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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