National Asset Management Inc. increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 15.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,681 shares of the business services provider’s stock after buying an additional 2,992 shares during the quarter. National Asset Management Inc.’s holdings in Fiserv were worth $2,286,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of FISV. Lucia Wealth Services LLC grew its stake in shares of Fiserv by 31.4% in the third quarter. Lucia Wealth Services LLC now owns 13,514 shares of the business services provider’s stock worth $1,393,000 after acquiring an additional 3,228 shares during the period. Quantitative Systematic Strategies LLC boosted its holdings in Fiserv by 16.6% in the third quarter. Quantitative Systematic Strategies LLC now owns 46,508 shares of the business services provider’s stock worth $4,793,000 after purchasing an additional 6,606 shares during the last quarter. Lateef Investment Management L.P. grew its position in Fiserv by 9.0% in the 3rd quarter. Lateef Investment Management L.P. now owns 240,638 shares of the business services provider’s stock worth $24,798,000 after purchasing an additional 19,957 shares during the period. AMF Pensionsforsakring AB purchased a new stake in Fiserv during the 3rd quarter valued at $1,857,000. Finally, GAM Holding AG lifted its holdings in shares of Fiserv by 25.5% during the 3rd quarter. GAM Holding AG now owns 163,719 shares of the business services provider’s stock valued at $16,872,000 after buying an additional 33,261 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on FISV. Robert W. Baird upped their price objective on Fiserv from $134.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Credit Suisse Group raised shares of Fiserv from a “neutral” rating to an “outperform” rating and upped their price target for the company from $115.00 to $135.00 in a research report on Tuesday, October 6th. They noted that the move was a valuation call. ValuEngine upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Tuesday, November 10th. Wedbush reiterated an “outperform” rating on shares of Fiserv in a research report on Wednesday, July 22nd. Finally, Raymond James boosted their price objective on shares of Fiserv from $119.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 28th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $124.26.
In other Fiserv news, Chairman Jeffery W. Yabuki sold 2,200 shares of Fiserv stock in a transaction on Monday, November 16th. The shares were sold at an average price of $109.47, for a total value of $240,834.00. Also, major shareholder Omaha Holdings L.P. New sold 5,000,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $98.00, for a total transaction of $490,000,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,064,300 shares of company stock valued at $496,567,183. 1.60% of the stock is currently owned by insiders.
FISV stock traded down $1.07 during mid-day trading on Tuesday, hitting $108.64. The company had a trading volume of 53,586 shares, compared to its average volume of 4,707,089. The company has a 50-day moving average price of $102.06 and a 200 day moving average price of $101.14. Fiserv, Inc. has a 12-month low of $73.50 and a 12-month high of $125.05. The company has a market capitalization of $73.55 billion, a price-to-earnings ratio of 83.11, a P/E/G ratio of 1.41 and a beta of 0.77. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 27th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. Fiserv had a return on equity of 8.75% and a net margin of 6.01%. As a group, analysts expect that Fiserv, Inc. will post 4.43 EPS for the current year.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. Its First Data segment provides merchant acquiring, e-commerce, mobile commerce, and other business solutions; credit card and loan account processing, commercial payments, customer communications, plastics solutions, customer service, and other products; and various network solutions and security, and risk and fraud management solutions.
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