Spirit of America Management Corp NY boosted its holdings in Fiserv Inc (NASDAQ:FISV) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. Spirit of America Management Corp NY’s holdings in Fiserv were worth $132,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in FISV. Martingale Asset Management L P boosted its stake in Fiserv by 6.5% in the third quarter. Martingale Asset Management L P now owns 463,596 shares of the business services provider’s stock valued at $38,192,000 after buying an additional 28,102 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in Fiserv by 12.0% in the third quarter. Standard Life Aberdeen plc now owns 128,017 shares of the business services provider’s stock valued at $10,547,000 after buying an additional 13,681 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Fiserv by 106.2% in the third quarter. Allianz Asset Management GmbH now owns 12,257 shares of the business services provider’s stock valued at $1,010,000 after buying an additional 209,805 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Fiserv by 94.2% in the third quarter. Renaissance Technologies LLC now owns 23,708 shares of the business services provider’s stock valued at $1,953,000 after buying an additional 11,500 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Fiserv by 29.4% in the third quarter. LPL Financial LLC now owns 89,754 shares of the business services provider’s stock valued at $7,394,000 after buying an additional 20,382 shares in the last quarter. 88.83% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on FISV shares. Edward Jones raised Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. ValuEngine raised Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $73.00 price target on shares of Fiserv in a research note on Wednesday, January 16th. Finally, Stephens raised Fiserv from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $76.00 to $90.00 in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Fiserv has a consensus rating of “Hold” and an average price target of $87.29.
Shares of FISV opened at $85.38 on Thursday. Fiserv Inc has a 1 year low of $68.43 and a 1 year high of $91.19. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60. The stock has a market cap of $33.44 billion, a PE ratio of 27.54, a P/E/G ratio of 2.09 and a beta of 0.83.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts anticipate that Fiserv Inc will post 3.45 EPS for the current fiscal year.
In other Fiserv news, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the completion of the sale, the director now directly owns 85,610 shares in the company, valued at $7,448,926.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Denis Oleary sold 13,728 shares of Fiserv stock in a transaction that occurred on 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 of the company’s stock, valued at $4,425,351.12. The disclosure for this sale can be found here. Insiders have sold 137,912 shares of company stock valued at $11,685,371 over the last 90 days. 1.70% of the stock is owned by corporate insiders.
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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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