NN Investment Partners Holdings N.V. increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 258.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,910 shares of the business services provider’s stock after buying an additional 3,539 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Fiserv were worth $601,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of FISV. Thrivent Financial for Lutherans increased its position in shares of Fiserv by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,520 shares of the business services provider’s stock worth $799,000 after buying an additional 320 shares during the last quarter. Ibex Wealth Advisors raised its stake in shares of Fiserv by 4.9% in the fourth quarter. Ibex Wealth Advisors now owns 16,631 shares of the business services provider’s stock worth $1,822,000 after buying an additional 782 shares during the period. Kentucky Retirement Systems bought a new stake in shares of Fiserv during the fourth quarter worth $1,674,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Fiserv during the fourth quarter worth $747,000. Finally, Pensionfund Sabic acquired a new stake in Fiserv during the first quarter valued at approximately $1,499,000. 87.60% of the stock is owned by institutional investors.
Fiserv, Inc. (NASDAQ FISV) opened at 122.84 on Friday. The stock has a market cap of $25.85 billion, a PE ratio of 30.07 and a beta of 0.81. The company’s 50 day moving average is $124.30 and its 200-day moving average is $119.03. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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Several research firms have commented on FISV. BidaskClub raised shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, July 19th. BMO Capital Markets upped their price objective on shares of Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Cantor Fitzgerald upped their price objective on shares of Fiserv from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, April 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 price target (up previously from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Fiserv currently has an average rating of “Buy” and an average price target of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the sale, the insider now owns 303,151 shares in the company, valued at $37,912,064.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is currently owned by corporate insiders.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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