Northwestern Mutual Wealth Management Co. lifted its stake in Fiserv Inc (NASDAQ:FISV) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,600 shares of the business services provider’s stock after buying an additional 3,153 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fiserv were worth $4,331,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new stake in Fiserv during the fourth quarter worth $577,518,000. Capital World Investors lifted its stake in Fiserv by 24.1% during the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock worth $895,575,000 after purchasing an additional 1,502,688 shares during the last quarter. Annex Advisory Services LLC lifted its stake in Fiserv by 6,803.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,401,666 shares of the business services provider’s stock worth $12,903,000 after purchasing an additional 1,381,361 shares during the last quarter. USS Investment Management Ltd bought a new stake in Fiserv during the fourth quarter worth $125,830,000. Finally, Victory Capital Management Inc. lifted its stake in Fiserv by 110.2% during the first quarter. Victory Capital Management Inc. now owns 2,021,156 shares of the business services provider’s stock worth $191,990,000 after purchasing an additional 1,059,765 shares during the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.
Several equities research analysts have weighed in on FISV shares. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Barclays upped their target price on Fiserv from $124.00 to $129.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Robert W. Baird lowered their price target on shares of Fiserv from $143.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Wells Fargo & Co upped their price target on shares of Fiserv from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Morgan Stanley upped their price target on shares of Fiserv from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $120.39.
NASDAQ FISV opened at $103.93 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 57.10, a PEG ratio of 1.83 and a beta of 0.84. The stock has a fifty day simple moving average of $98.55 and a 200 day simple moving average of $109.12. Fiserv Inc has a twelve month low of $73.50 and a twelve month high of $125.05.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.99. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The business’s quarterly revenue was up 150.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Research analysts expect that Fiserv Inc will post 4.36 earnings per share 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 shares were sold at an average price of $100.30, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now owns 365,537 shares of the company’s stock, valued at $36,663,361.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $31,434,000.00. Following the sale, the chief executive officer now directly owns 357,023 shares in the company, valued at approximately $37,408,869.94. The disclosure for this sale can be found here. Insiders have sold 330,000 shares of company stock worth $34,308,400 in the last ninety days. Insiders own 1.60% of the company’s stock.
Fiserv Company Profile
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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