Alberta Investment Management Corp bought a new position in shares of Fiserv Inc (NASDAQ:FISV) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 26,900 shares of the business services provider’s stock, valued at approximately $2,576,000.
Several other institutional investors also recently bought and sold shares of FISV. Norges Bank bought a new position in shares of Fiserv during the 4th quarter valued at about $577,518,000. Capital World Investors lifted its holdings in shares of Fiserv by 24.1% during the 4th quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock valued at $895,575,000 after purchasing an additional 1,502,688 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Fiserv by 6,803.1% during the 4th quarter. Annex Advisory Services LLC now owns 1,401,666 shares of the business services provider’s stock valued at $12,903,000 after purchasing an additional 1,381,361 shares in the last quarter. USS Investment Management Ltd bought a new position in shares of Fiserv during the 4th quarter valued at about $125,830,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Fiserv by 110.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,021,156 shares of the business services provider’s stock valued at $191,990,000 after purchasing an additional 1,059,765 shares in the last quarter. Institutional investors own 92.62% of the company’s stock.
FISV stock opened at $103.93 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65. The firm 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. Fiserv Inc has a 1-year low of $73.50 and a 1-year high of $125.05. The business’s 50 day simple moving average is $98.55 and its 200 day simple moving average is $109.12.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 150.9% on a year-over-year basis. As a group, sell-side analysts predict that Fiserv Inc will post 4.36 EPS for the current fiscal year.
In other Fiserv news, CEO Jeffery W. Yabuki sold 10,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $100.30, for a total value of $1,003,000.00. Following the transaction, the chief executive officer now directly owns 365,537 shares of the company’s stock, valued at approximately $36,663,361.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 357,023 shares in the company, valued at $37,408,869.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 330,000 shares of company stock worth $34,308,400. Insiders own 1.60% of the company’s stock.
Several equities analysts have recently weighed in on FISV shares. Stephens cut their price objective on Fiserv from $126.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Canaccord Genuity cut their price objective on Fiserv from $152.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, May 11th. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Friday, May 1st. TheStreet upgraded Fiserv from a “c+” rating to a “b” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded Fiserv from a “neutral” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Friday, March 27th. Five research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $120.39.
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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