Longview Partners Guernsey LTD cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 12.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,371,398 shares of the business services provider’s stock after selling 594,240 shares during the period. Fiserv comprises about 3.1% of Longview Partners Guernsey LTD’s portfolio, making the stock its 21st largest position. Longview Partners Guernsey LTD owned about 2.06% of Fiserv worth $534,797,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Manhattan Co. boosted its position in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the last quarter. Advisory Services Network LLC acquired a new position in Fiserv during the first quarter worth about $131,000. Trust Co. of Vermont boosted its position in Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its position in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares during the last quarter. Finally, University of Texas Investment Managment Co. acquired a new position in Fiserv during the first quarter worth about $184,000. 88.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Fiserv, Inc. (FISV) opened at 120.36 on Friday. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 29.46 and a beta of 0.81. The company’s 50-day moving average price is $124.23 and its 200 day moving average price is $119.56. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business posted $1.08 EPS. Fiserv’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.
A number of brokerages have recently commented on FISV. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Cowen and Company restated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, August 3rd. Barclays PLC restated an “equal weight” rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. BMO Capital Markets boosted their price target on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Finally, Credit Suisse Group boosted their price target on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $126.91.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $121.85, for a total value of $2,071,450.00. Following the transaction, the insider now owns 323,776 shares of the company’s stock, valued at approximately $39,452,105.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is owned by insiders.
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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