Keystone Financial Group acquired a new stake in Fiserv Inc (NASDAQ:FISV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,982 shares of the business services provider’s stock, valued at approximately $263,000.
A number of other institutional investors have also recently made changes to their positions in FISV. Renaissance Technologies LLC boosted its stake in Fiserv by 94.2% during the third quarter. Renaissance Technologies LLC now owns 23,708 shares of the business services provider’s stock worth $1,953,000 after buying an additional 11,500 shares during the last quarter. Teachers Advisors LLC boosted its stake in Fiserv by 8.4% during the third quarter. Teachers Advisors LLC now owns 672,494 shares of the business services provider’s stock worth $55,400,000 after buying an additional 52,000 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Fiserv by 6.6% during the third quarter. TIAA CREF Investment Management LLC now owns 1,108,381 shares of the business services provider’s stock worth $91,308,000 after buying an additional 68,667 shares during the last quarter. First Hawaiian Bank boosted its stake in Fiserv by 31.9% during 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Fiserv by 5.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,412 shares of the business services provider’s stock worth $1,132,000 after buying an additional 754 shares during the last quarter. 90.56% of the stock is owned by hedge funds and other institutional investors.
FISV stock opened at $87.78 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $33.70 billion, a P/E ratio of 28.32, a PEG ratio of 2.07 and a beta of 0.80. Fiserv Inc has a 12-month low of $68.45 and a 12-month high of $91.19.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, research analysts expect that Fiserv Inc will post 3.45 EPS for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the sale, the insider now owns 441,112 shares in the company, valued at approximately $37,428,353.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Denis Oleary sold 13,728 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the sale, the director now owns 52,014 shares in the company, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. Insiders sold a total of 177,912 shares of company stock worth $15,099,371 in the last quarter. Company insiders own 1.40% of the company’s stock.
Several brokerages have recently commented on FISV. Zacks Investment Research lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a research note on Wednesday, May 1st. BidaskClub lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Deutsche Bank upped their price target on Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Finally, Buckingham Research began coverage on Fiserv in a research note on Thursday, February 7th. They issued a “buy” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $88.57.
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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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