BTIM Corp. boosted its position in Fiserv, Inc. (NASDAQ:FISV) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,120 shares of the business services provider’s stock after buying an additional 175 shares during the period. BTIM Corp.’s holdings in Fiserv were worth $1,850,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. First Manhattan Co. boosted its stake 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 bought a new stake in Fiserv during the first quarter worth approximately $131,000. Trust Co. of Vermont boosted its stake 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 stake 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. bought a new stake in Fiserv during the first quarter worth approximately $184,000. 87.72% of the stock is owned by institutional investors and hedge funds.
Fiserv, Inc. (FISV) traded down 0.36% during mid-day trading on Friday, hitting $123.52. 277,671 shares of the stock traded hands. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 30.24 and a beta of 0.81. The company’s 50 day moving average price is $124.64 and its 200-day moving average price is $118.43.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business posted $1.08 EPS. Fiserv’s revenue was up 1.7% on a year-over-year basis. Analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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A number of research firms have commented on FISV. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Cowen and Company reiterated a “hold” rating and set a $115.00 price objective on shares of Fiserv in a report on Thursday. Barclays PLC reiterated an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a report on Wednesday. Royal Bank Of Canada lifted their price objective on shares of Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday. 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 currently has an average rating of “Buy” and a consensus price target of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 51,000 shares of company stock worth $6,339,810. 1.90% of the stock is owned by company insiders.
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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