Rothschild Asset Management Inc. reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 17.6% during the first quarter, Holdings Channel reports. The fund owned 3,842 shares of the business services provider’s stock after selling 822 shares during the period. Rothschild Asset Management Inc.’s holdings in Fiserv were worth $443,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Fiserv during the fourth quarter worth approximately $4,631,000. Bessemer Group Inc. boosted its position in shares of 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 during the last quarter. Tyers Asset Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth approximately $4,208,000. Zurich Insurance Group Ltd FI boosted its position in shares of Fiserv by 1.2% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 28,186 shares of the business services provider’s stock worth $2,996,000 after buying an additional 335 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C boosted its position in shares of Fiserv by 64.3% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 341,146 shares of the business services provider’s stock worth $36,257,000 after buying an additional 133,554 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.
Fiserv, Inc. (NASDAQ FISV) opened at 122.85 on Wednesday. The firm has a market capitalization of $26.09 billion, a PE ratio of 30.69 and a beta of 0.81. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year 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 quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post $5.12 EPS for the current year.
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FISV has been the topic of a number of recent research reports. Guggenheim initiated 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. Vetr raised 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. Monness Crespi & Hardt lifted their target price on shares of Fiserv from $118.00 to $128.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $123.00 target price on shares of Fiserv in a report on Friday, April 28th. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and a consensus target price of $119.25.
In other news, insider Jeffery W. Yabuki sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $116.38, for a total transaction of $1,745,700.00. Following the transaction, the insider now directly owns 339,151 shares of the company’s stock, valued at $39,470,393.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the transaction, the insider now directly owns 303,151 shares in the company, valued at $37,912,064.06. The disclosure for this sale can be found here. Insiders have sold 51,000 shares of company stock worth $6,183,550 over the last three months. Corporate insiders own 1.90% of the company’s stock.
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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