Accident Compensation Corp reduced its position in Fiserv, Inc. (NASDAQ:FISV) by 16.9% during the first quarter, Holdings Channel reports. The institutional investor owned 9,800 shares of the business services provider’s stock after selling 2,000 shares during the period. Accident Compensation Corp’s holdings in Fiserv were worth $1,130,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of FISV. First Manhattan Co. raised its stake in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Fiserv during the first quarter worth $131,000. Morgan Dempsey Capital Management LLC raised its stake in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares in the last quarter. Bessemer Group Inc. raised its stake in Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock worth $158,000 after buying an additional 1,021 shares in the last quarter. Finally, University of Texas Investment Managment Co. acquired a new stake in Fiserv during the first quarter worth $184,000. Institutional investors own 88.03% of the company’s stock.
Fiserv, Inc. (FISV) opened at 124.80 on Monday. The company has a market capitalization of $26.50 billion, a P/E ratio of 31.18 and a beta of 0.81. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $126.28. The stock’s 50 day moving average is $122.48 and its 200-day moving average is $114.80.
Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. Analysts predict that Fiserv, Inc. will post $5.13 EPS for the current fiscal year.
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A number of research firms recently weighed in on FISV. Cantor Fitzgerald restated a “hold” rating and issued a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. Robert W. Baird restated an “outperform” rating and issued a $134.00 target price (up previously from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Vetr upgraded shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 target price on the stock in a report on Monday, April 3rd. Guggenheim began coverage on shares of Fiserv in a report on Friday, March 31st. They issued a “neutral” rating and a $118.00 target price on the stock. Finally, Wedbush restated an “outperform” rating and issued a $146.25 target price (up previously from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $119.25.
In other news, insider Jeffery W. Yabuki sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total transaction of $1,745,700.00. Following the completion of the transaction, the insider now directly owns 339,151 shares of the company’s stock, valued at $39,470,393.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total transaction of $240,380.00. Following the transaction, the insider now directly owns 337,151 shares of the company’s stock, valued at $40,522,178.69. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $4,057,530 over the last three months. 1.90% of the stock is owned by corporate 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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