Ninepoint Partners LP purchased a new position in shares of Fiserv Inc (NASDAQ:FISV) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 40,000 shares of the business services provider’s stock, valued at approximately $3,531,000. Fiserv accounts for about 0.7% of Ninepoint Partners LP’s investment portfolio, making the stock its 24th biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in FISV. We Are One Seven LLC purchased a new position in Fiserv in the fourth quarter valued at about $27,000. Sontag Advisory LLC purchased a new position in Fiserv in the fourth quarter valued at about $27,000. Destination Wealth Management purchased a new position in Fiserv in the fourth quarter valued at about $30,000. JOYN Advisors Inc. boosted its stake in Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC purchased a new position in Fiserv in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 90.56% of the company’s stock.
Shares of FISV stock traded up $1.55 during trading on Thursday, reaching $87.42. 60,254 shares of the company’s stock traded hands, compared to its average volume of 5,088,645. The stock has a market capitalization of $33.70 billion, a P/E ratio of 28.22, a PEG ratio of 2.01 and a beta of 0.80. The company has a current ratio of 1.07, a quick 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.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. Fiserv’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. On average, equities analysts predict that Fiserv Inc will post 3.45 EPS for the current year.
FISV has been the topic of a number of research analyst reports. Royal Bank of Canada upgraded shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price on the stock in a research note on Monday, January 28th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $74.50 to $88.00 in a research note on Friday, January 18th. Cowen upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $80.59 target price on the stock in a research note on Thursday, January 24th. Cantor Fitzgerald restated a “hold” rating and set a $83.00 price target on shares of Fiserv in a research note on Friday, February 8th. Finally, Edward Jones cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. Fiserv has an average rating of “Hold” and an average price target of $88.57.
In related news, CEO Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the sale, the chief executive officer now owns 391,146 shares of the company’s stock, valued at approximately $33,329,550.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the sale, the insider now directly owns 441,112 shares in the company, valued at approximately $37,428,353.20. The disclosure for this sale can be found here. Insiders have sold a total of 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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