Fiserv Inc (NASDAQ:FISV) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL increased its holdings in Fiserv Inc (NASDAQ:FISV) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,421,461 shares of the business services provider’s stock after acquiring an additional 70,785 shares during the quarter. Fiserv makes up 1.4% of Blair William & Co. IL’s portfolio, making the stock its 12th biggest position. Blair William & Co. IL owned 0.36% of Fiserv worth $230,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in Fiserv by 1.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,289,627 shares of the business services provider’s stock valued at $3,155,500,000 after buying an additional 340,147 shares in the last quarter. Geode Capital Management LLC raised its stake in Fiserv by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 9,905,414 shares of the business services provider’s stock valued at $1,143,285,000 after buying an additional 440,941 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Fiserv by 3.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,502,404 shares of the business services provider’s stock valued at $1,098,762,000 after buying an additional 340,300 shares in the last quarter. Capital World Investors raised its stake in Fiserv by 24.1% during the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock valued at $895,575,000 after buying an additional 1,502,688 shares in the last quarter. Finally, Norges Bank acquired a new stake in Fiserv during the fourth quarter valued at approximately $577,518,000. Hedge funds and other institutional investors own 92.62% of the company’s stock.

In other Fiserv news, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the completion of the transaction, the chief executive officer now directly owns 385,537 shares of the company’s stock, valued at approximately $36,074,697.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $104.78, for a total value of $31,434,000.00. Following the transaction, the chief executive officer now directly owns 357,023 shares of the company’s stock, valued at $37,408,869.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 330,000 shares of company stock valued at $34,308,400. 1.60% of the stock is currently owned by corporate insiders.

A number of analysts have recently weighed in on FISV shares. Royal Bank of Canada increased their price target on Fiserv from $113.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Raymond James dropped their price target on Fiserv from $133.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Atlantic Securities upgraded Fiserv from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 12th. Canaccord Genuity dropped their price target on Fiserv from $152.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Barclays increased their price target on Fiserv from $124.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $120.39.

NASDAQ FISV traded up $0.35 on Friday, reaching $103.93. 3,004,717 shares of the stock traded hands, compared to its average volume of 4,695,580. The firm’s fifty day simple moving average is $98.55 and its 200 day simple moving average is $109.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The company has a market cap of $69.35 billion, a price-to-earnings ratio of 57.10, a P/E/G ratio of 1.83 and a beta of 0.84. Fiserv Inc has a 12 month low of $73.50 and a 12 month high of $125.05.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The firm’s quarterly revenue was up 150.9% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. As a group, equities research analysts forecast that Fiserv Inc will post 4.36 EPS for the current fiscal year.

Fiserv 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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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