Banque Pictet & Cie SA Has $1,681,000 Position in Fiserv Inc. (FISV)
Banque Pictet & Cie SA held its stake in Fiserv Inc. (NASDAQ:FISV) during the third quarter, Holdings Channel reports. The fund owned 16,900 shares of the company’s stock at the end of the third quarter. Banque Pictet & Cie SA’s holdings in Fiserv were worth $1,681,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Fiserv by 65.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,448 shares of the company’s stock valued at $2,306,000 after buying an additional 8,874 shares during the period. First Republic Investment Management Inc. increased its position in shares of Fiserv by 7.0% in the first quarter. First Republic Investment Management Inc. now owns 26,986 shares of the company’s stock valued at $2,767,000 after buying an additional 1,767 shares during the period. BlueMountain Capital Management LLC increased its position in shares of Fiserv by 24.3% in the first quarter. BlueMountain Capital Management LLC now owns 3,634 shares of the company’s stock valued at $373,000 after buying an additional 711 shares during the period. DNB Asset Management AS increased its position in shares of Fiserv by 3.0% in the second quarter. DNB Asset Management AS now owns 17,070 shares of the company’s stock valued at $1,856,000 after buying an additional 500 shares during the period. Finally, Exxonmobil Investment Management Inc. TX increased its position in shares of Fiserv by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 57,550 shares of the company’s stock valued at $6,257,000 after buying an additional 3,270 shares during the period. Hedge funds and other institutional investors own 85.86% of the company’s stock.
Shares of Fiserv Inc. (NASDAQ:FISV) traded down 0.07% during trading on Tuesday, reaching $106.54. 944,529 shares of the company traded hands. Fiserv Inc. has a 12-month low of $85.63 and a 12-month high of $111.51. The stock has a market capitalization of $23.13 billion, a P/E ratio of 26.72 and a beta of 0.82. The firm’s 50 day moving average is $100.95 and its 200-day moving average is $103.73.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. Fiserv had a net margin of 16.61% and a return on equity of 36.84%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. Fiserv’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv Inc. will post $4.45 earnings per share for the current fiscal year.
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FISV has been the subject of several research analyst reports. William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. They noted that the move was a valuation call. Cantor Fitzgerald initiated coverage on shares of Fiserv in a report on Thursday, October 6th. They set a “hold” rating and a $101.00 price target for the company. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Fiserv in a report on Thursday, September 8th. Finally, Monness Crespi & Hardt upgraded Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $107.35.
In other Fiserv news, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $100.46, for a total value of $1,205,520.00. Following the sale, the insider now owns 323,994 shares in the company, valued at $32,548,437.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Devin Mcgranahan acquired 15,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was acquired at an average price of $99.21 per share, for a total transaction of $1,488,150.00. Following the acquisition, the insider now owns 25,155 shares of the company’s stock, valued at approximately $2,495,627.55. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.
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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