BlackRock Inc. reduced its position in Fiserv, Inc. (NASDAQ: FISV – Get Rating) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,309,302 shares of the business services provider’s stock after selling 2,635,824 shares during the quarter. BlackRock Inc. owned 6.11% of Fiserv worth $ 4,183,701,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Dodge & Cox raised its holdings in Fiserv by 38.8% in the fourth quarter. Dodge & Cox now owns 35,432,277 shares of the business services provider’s stock worth $ 3,677,516,000 after purchasing an additional 9,901,409 shares in the last quarter. State Street Corp raised its holdings in Fiserv by 3.5% in the fourth quarter. State Street Corp now owns 24,070,923 shares of the business services provider’s stock worth $ 2,498,321,000 after purchasing an additional 820,147 shares in the last quarter. ValueAct Holdings LP raised its holdings in Fiserv by 19.2% in the fourth quarter. ValueAct Holdings LP now owns 13,035,201 shares of the business services provider’s stock worth $ 1,352,924,000 after purchasing an additional 2,100,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Fiserv by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 10,654,469 shares of the business services provider’s stock worth $ 1,102,968,000 after acquiring an additional 512,954 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of Fiserv by 21.5% during the third quarter. Parnassus Investments LLC now owns 9,174,316 shares of the business services provider’s stock worth $ 995,413,000 after acquiring an additional 1,624,876 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company stock.
NASDAQ FISV opened at $ 88.38 on Friday. The business has a fifty day moving average price of $ 97.73 and a 200 day moving average price of $ 100.36. Fiserv, Inc. has a one year low of $ 87.03 and a one year high of $ 119.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $ 57.63 billion, a P / E ratio of 34.52, a P / E / G ratio of 1.05 and a beta of 0.79.
Fiserv (NASDAQ: FISV – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The business services provider reported $ 1.40 EPS for the quarter, beating the consensus estimate of $ 1.35 by $ 0.05. The firm had revenue of $ 4.14 billion during the quarter, compared to the consensus estimate of $ 3.85 billion. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $ 1.17 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 6.48 EPS for the current fiscal year.
FISV has been the topic of a number of research analyst reports. Stephens initiated coverage on Fiserv in a research note on Wednesday, April 6th. They set an “equal weight” rating and a $ 110.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of Fiserv in a research report on Wednesday, March 9th. StockNews.com started coverage on Fiserv in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Loop Capital started coverage on Fiserv in a research report on Monday, May 2nd. They issued a “buy” rating and a $ 125.00 target price on the stock. Finally, Cowen lowered Fiserv from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $ 144.00 to $ 126.00 in a research report on Tuesday, April 12th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $ 126.54.
In other news, COO Guy Chiarello sold 10,000 shares of the stock in a transaction on Monday, March 28th. The stock was sold at an average price of $ 100.04, for a total transaction of $ 1,000,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Holdings LP Valueact purchased 112,575 shares of the stock in a transaction dated Monday, May 2nd. The shares were acquired at an average price of $ 94.90 per share, with a total value of $ 10,683,367.50. Following the completion of the acquisition, the director now owns 13,147,776 shares in the company, valued at approximately $ 1,247,723,942.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,404,234 shares of company stock valued at $ 131,032,589. 1.00% of the stock is owned by company insiders.
Fiserv Company Profile: (Get Rating)
Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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