Capital World Investors increased its position in Fiserv Inc (NASDAQ:FISV) by 24.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,745,176 shares of the business services provider’s stock after buying an additional 1,502,688 shares during the quarter. Capital World Investors’ holdings in Fiserv were worth $895,575,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Braun Bostich & Associates Inc. acquired a new stake in Fiserv in the fourth quarter valued at $26,000. Savior LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $28,000. Virtus ETF Advisers LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $32,000. Howard Wealth Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $32,000. Finally, Evolution Wealth Advisors LLC raised its holdings in shares of Fiserv by 552.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 326 shares of the business services provider’s stock worth $38,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 92.31% of the company’s stock.
In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $118.58, for a total transaction of $2,964,500.00. Following the completion of the transaction, the chief executive officer now owns 443,233 shares in the company, valued at approximately $52,558,569.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Shares of FISV opened at $91.20 on Thursday. The firm has a 50-day moving average price of $108.86 and a 200 day moving average price of $110.88. The firm has a market capitalization of $58.84 billion, a PE ratio of 50.39, a P/E/G ratio of 1.24 and a beta of 0.82. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.62. Fiserv Inc has a 52-week low of $73.50 and a 52-week high of $125.05.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, February 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.06 billion. Fiserv had a net margin of 8.77% and a return on equity of 11.78%. The business’s quarterly revenue was up 160.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, equities analysts expect that Fiserv Inc will post 4.91 EPS for the current year.
A number of analysts have weighed in on FISV shares. Canaccord Genuity reissued a “buy” rating and set a $152.00 target price (up from $130.00) on shares of Fiserv in a report on Wednesday, February 5th. KeyCorp dropped their target price on shares of Fiserv from $145.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday. Wells Fargo & Co increased their price objective on shares of Fiserv from $120.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. They noted that the move was a valuation call. Deutsche Bank increased their price objective on shares of Fiserv from $120.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley initiated coverage on shares of Fiserv in a report on Monday, December 16th. They issued an “equal weight” rating and a $121.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.95.
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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