RMB Capital Management LLC lifted its position in Fiserv Inc (NASDAQ:FISV) by 15.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,329 shares of the business services provider’s stock after acquiring an additional 11,994 shares during the quarter. RMB Capital Management LLC’s holdings in Fiserv were worth $8,295,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its holdings in shares of Fiserv by 3.3% in the 4th quarter. Cornerstone Advisors Inc. now owns 2,600 shares of the business services provider’s stock valued at $301,000 after buying an additional 84 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Fiserv by 1.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 8,090 shares of the business services provider’s stock worth $935,000 after purchasing an additional 90 shares in the last quarter. Independent Advisor Alliance boosted its stake in Fiserv by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 2,851 shares of the business services provider’s stock worth $330,000 after purchasing an additional 94 shares in the last quarter. Cognios Capital LLC boosted its stake in Fiserv by 0.6% in the 4th quarter. Cognios Capital LLC now owns 15,995 shares of the business services provider’s stock worth $1,849,000 after purchasing an additional 96 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in Fiserv by 1.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 7,725 shares of the business services provider’s stock worth $893,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.62% of the company’s stock.
A number of research firms recently commented on FISV. ValuEngine upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Stephens lowered their target price on shares of Fiserv from $126.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Credit Suisse Group lifted their target price on shares of Fiserv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their target price on shares of Fiserv from $113.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Rosenblatt Securities restated a “hold” rating and set a $107.00 price objective on shares of Fiserv in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $120.39.
In other Fiserv news, CEO Jeffery W. Yabuki sold 10,000 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $100.30, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now directly owns 365,537 shares in the company, valued at $36,663,361.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $104.78, for a total transaction of $31,434,000.00. Following the sale, the chief executive officer now owns 357,023 shares in the company, valued at $37,408,869.94. The disclosure for this sale can be found here. Insiders sold 330,000 shares of company stock worth $34,308,400 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.
NASDAQ FISV traded up $0.35 on Friday, hitting $103.93. The company had a trading volume of 3,004,717 shares, compared to its average volume of 4,695,580. The company has a market capitalization of $69.35 billion, a PE ratio of 57.10, a PEG ratio of 1.83 and a beta of 0.84. The company’s fifty day moving average price is $98.55 and its 200-day moving average price is $109.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 1.07. 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 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.87 billion. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The firm’s revenue was up 150.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, sell-side analysts anticipate that Fiserv Inc will post 4.36 EPS for the current year.
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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