Vestor Capital LLC raised its stake in shares of Fiserv Inc (NASDAQ:FISV) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,554 shares of the business services provider’s stock after purchasing an additional 1,250 shares during the period. Vestor Capital LLC’s holdings in Fiserv were worth $3,715,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. LMR Partners LLP bought a new position in shares of Fiserv during the 4th quarter worth approximately $267,000. Davis R M Inc. bought a new position in Fiserv in the fourth quarter worth about $401,000. Sandy Spring Bank raised its stake in Fiserv by 5.8% in the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after buying an additional 150 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Fiserv by 20.4% in the third quarter. Eagle Asset Management Inc. now owns 8,120 shares of the business services provider’s stock worth $668,000 after buying an additional 1,375 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Fiserv by 31.9% in the fourth quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock worth $104,000 after buying an additional 342 shares in the last quarter. 88.76% of the stock is owned by institutional investors and hedge funds.
In related news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total value of $4,198,000.00. Following the sale, the insider now owns 436,141 shares in the company, valued at $36,618,398.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kim M. Robak sold 10,904 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the sale, the director now owns 85,610 shares in the company, valued at approximately $7,448,926.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 187,912 shares of company stock worth $15,245,371. Corporate insiders own 1.70% of the company’s stock.
Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts forecast that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.
A number of research firms recently issued reports on FISV. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $83.00 target price on shares of Fiserv in a research note on Friday, February 8th. Buckingham Research assumed coverage on shares of Fiserv in a research note on Thursday, February 7th. They set a “buy” rating and a $100.00 target price for the company. SunTrust Banks reaffirmed a “hold” rating and set a $85.21 target price on shares of Fiserv in a research note on Tuesday, January 29th. Finally, Wedbush increased their price target on shares of Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.49.
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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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