Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its holdings in Fiserv Inc (NASDAQ:FISV) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,427 shares of the business services provider’s stock after selling 858 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Fiserv were worth $11,344,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Savior LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $28,000. Optimum Investment Advisors boosted its holdings in shares of Fiserv by 121.4% during the 4th quarter. Optimum Investment Advisors now owns 1,550 shares of the business services provider’s stock worth $179,000 after buying an additional 850 shares in the last quarter. Advisor Partners LLC grew its position in shares of Fiserv by 35.3% during the 4th quarter. Advisor Partners LLC now owns 20,487 shares of the business services provider’s stock worth $2,428,000 after buying an additional 5,347 shares during the period. Hengehold Capital Management LLC increased its stake in shares of Fiserv by 3.9% in the 4th quarter. Hengehold Capital Management LLC now owns 3,881 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 145 shares in the last quarter. Finally, Eukles Asset Management lifted its position in shares of Fiserv by 2.6% during the 4th quarter. Eukles Asset Management now owns 4,338 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 110 shares during the period. 92.62% of the stock is currently owned by institutional investors.
Several research firms have weighed in on FISV. UBS Group decreased their price target on shares of Fiserv from $137.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. KeyCorp boosted their target price on Fiserv from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Cfra dropped their price target on Fiserv from $140.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Raymond James reduced their price objective on Fiserv from $133.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. upgraded Fiserv from a “neutral” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Friday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $120.39.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.99 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.99. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The business’s quarterly revenue was up 150.9% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. As a group, sell-side analysts forecast that Fiserv Inc will post 4.36 EPS for the current fiscal year.
In other Fiserv news, CEO Jeffery W. Yabuki sold 300,000 shares of Fiserv stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $104.78, for a total value of $31,434,000.00. Following the completion of the transaction, the chief executive officer now directly owns 357,023 shares of the company’s stock, valued at $37,408,869.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffery W. Yabuki sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $100.30, for a total transaction of $1,003,000.00. Following the completion of the transaction, the chief executive officer now owns 365,537 shares in the company, valued at approximately $36,663,361.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 330,000 shares of company stock valued at $34,308,400. 1.60% of the stock is owned by corporate insiders.
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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