Fiserv Inc. (FISV) Position Lowered by Syntal Capital Partners LLC
Syntal Capital Partners LLC lowered its position in Fiserv Inc. (NASDAQ:FISV) by 7.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,139 shares of the company’s stock after selling 160 shares during the period. Syntal Capital Partners LLC’s holdings in Fiserv were worth $232,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its stake in shares of Fiserv by 2.7% in the first quarter. BlackRock Fund Advisors now owns 4,611,821 shares of the company’s stock worth $473,081,000 after buying an additional 119,424 shares during the period. Findlay Park Partners LLP raised its stake in shares of Fiserv by 2.3% in the first quarter. Findlay Park Partners LLP now owns 3,584,274 shares of the company’s stock worth $367,675,000 after buying an additional 79,274 shares during the period. Wellington Management Group LLP raised its stake in shares of Fiserv by 6.0% in the first quarter. Wellington Management Group LLP now owns 2,244,674 shares of the company’s stock worth $230,259,000 after buying an additional 126,992 shares during the period. Investec Asset Management LTD raised its stake in shares of Fiserv by 6.0% in the first quarter. Investec Asset Management LTD now owns 1,928,611 shares of the company’s stock worth $197,837,000 after buying an additional 109,973 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Fiserv by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,579,219 shares of the company’s stock worth $161,997,000 after buying an additional 71,406 shares during the period. Institutional investors own 87.25% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded down 0.86% during mid-day trading on Tuesday, hitting $98.89. The stock had a trading volume of 969,265 shares. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51. The company has a market cap of $21.74 billion, a PE ratio of 25.11 and a beta of 0.91. The firm’s 50-day moving average price is $101.63 and its 200 day moving average price is $103.68.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. On average, equities research analysts anticipate that Fiserv Inc. will post $4.44 EPS for the current year.
A number of research firms recently weighed in on FISV. Jefferies Group reissued a “buy” rating and issued a $121.00 target price on shares of Fiserv in a report on Monday, September 26th. Barclays PLC raised their target price on shares of Fiserv from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Credit Suisse Group AG reissued a “hold” rating and issued a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $112.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $106.00.
In related news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total transaction of $1,222,080.00. Following the completion of the sale, the insider now directly owns 336,994 shares in the company, valued at $34,319,468.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the sale, the insider now owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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