Toronto Dominion Bank boosted its stake in Fiserv Inc (NASDAQ:FISV) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,091 shares of the business services provider’s stock after buying an additional 34,640 shares during the quarter. Toronto Dominion Bank’s holdings in Fiserv were worth $22,778,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in Fiserv by 2.9% in the fourth quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after purchasing an additional 898,122 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 3.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after purchasing an additional 845,558 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Fiserv by 7,194.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after purchasing an additional 10,203,585 shares in the last quarter. Geode Capital Management LLC boosted its stake in Fiserv by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after purchasing an additional 469,507 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Fiserv by 3.0% in the fourth quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock worth $393,915,000 after purchasing an additional 154,269 shares in the last quarter. 90.56% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on FISV shares. Keefe, Bruyette & Woods started coverage on Fiserv in a research note on Monday, April 8th. They issued a “market perform” rating and a $101.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of Fiserv in a research note on Wednesday, May 1st. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Cantor Fitzgerald reissued a “hold” rating and issued a $73.00 price objective on shares of Fiserv in a research note on Wednesday, January 16th. Finally, Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $74.50 to $88.00 in a research note on Friday, January 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.57.
Shares of FISV traded up $1.76 during trading hours on Thursday, hitting $87.63. 89,755 shares of the stock traded hands, compared to its average volume of 5,088,645. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $91.19. The firm has a market capitalization of $33.70 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts anticipate that Fiserv Inc will post 3.45 EPS for the current year.
In related news, Director Denis Oleary sold 13,728 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the sale, the director now owns 52,014 shares in the company, valued at $4,425,351.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total value of $4,242,500.00. Following the completion of the sale, the insider now owns 441,112 shares of the company’s stock, valued at approximately $37,428,353.20. The disclosure for this sale can be found here. Insiders have sold 157,912 shares of company stock worth $13,389,571 in the last ninety days. 1.40% of the stock is currently owned by insiders.
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Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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