Delaney Dennis R boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,457 shares of the business services provider’s stock after buying an additional 350 shares during the period. Fiserv makes up about 2.3% of Delaney Dennis R’s investment portfolio, making the stock its 20th largest position. Delaney Dennis R’s holdings in Fiserv were worth $1,157,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. First Manhattan Co. increased 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 valued at $102,000 after buying an additional 134 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Fiserv during the first quarter valued at about $131,000. Trust Co. of Vermont boosted its stake in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after buying an additional 453 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in shares of 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 valued at $171,000 after buying an additional 33 shares during the period. Finally, University of Texas Investment Managment Co. bought a new stake in shares of Fiserv during the first quarter valued at about $184,000. 87.70% of the stock is currently owned by institutional investors.
Fiserv, Inc. (FISV) traded down 0.58% during midday trading on Friday, reaching $126.23. The company’s stock had a trading volume of 461,649 shares. The company has a market cap of $26.81 billion, a PE ratio of 31.53 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $127.46. The stock has a 50-day moving average price of $124.31 and a 200 day moving average price of $118.02.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. Analysts expect that Fiserv, Inc. will post $5.12 earnings per share for the current fiscal year.
FISV has been the subject of several recent research reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $123.00 price target on shares of Fiserv in a research note on Friday, April 28th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price target on shares of Fiserv in a research note on Friday, April 28th. Cantor Fitzgerald boosted their price target on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. Finally, Wedbush reiterated an “outperform” rating and issued a $146.25 price target (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and an average price target of $121.12.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 51,000 shares of company stock valued at $6,339,810 over the last 90 days. Company insiders own 1.90% of the company’s stock.
About Fiserv
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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