Nippon Life Insurance Co. Has $2,144,000 Stake in Fiserv, Inc. (FISV)
Nippon Life Insurance Co. decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 21,559 shares of the company’s stock after selling 347 shares during the period. Nippon Life Insurance Co.’s holdings in Fiserv were worth $2,144,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of FISV. Bank of Montreal Can purchased a new stake in Fiserv during the second quarter worth $36,230,000. Eagle Asset Management Inc. raised its stake in Fiserv by 13.7% in the third quarter. Eagle Asset Management Inc. now owns 53,806 shares of the company’s stock worth $5,352,000 after buying an additional 6,483 shares in the last quarter. British Columbia Investment Management Corp raised its stake in Fiserv by 23.6% in the third quarter. British Columbia Investment Management Corp now owns 102,779 shares of the company’s stock worth $10,223,000 after buying an additional 19,597 shares in the last quarter. Webster Bank N. A. raised its stake in Fiserv by 1.1% in the third quarter. Webster Bank N. A. now owns 36,977 shares of the company’s stock worth $3,678,000 after buying an additional 404 shares in the last quarter. Finally, Welch & Forbes LLC raised its stake in Fiserv by 4.1% in the second quarter. Welch & Forbes LLC now owns 446,505 shares of the company’s stock worth $48,549,000 after buying an additional 17,472 shares in the last quarter. Institutional investors own 85.73% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded up 0.9593% during midday trading on Friday, reaching $110.4697. 509,742 shares of the company traded hands. Fiserv, Inc. has a 1-year low of $86.02 and a 1-year high of $111.51. The company has a market capitalization of $23.98 billion, a PE ratio of 27.7075 and a beta of 0.82. The company has a 50 day moving average price of $106.42 and a 200 day moving average price of $104.03.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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. The company earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a net margin of 16.61% and a return on equity of 36.84%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. On average, analysts expect that Fiserv, Inc. will post $4.44 earnings per share for the current year.
FISV has been the subject of a number of analyst reports. William Blair lowered 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 assumed coverage on shares of Fiserv in a research note on Thursday, October 6th. They issued a “hold” rating and a $101.00 price target for the company. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. Monness Crespi & Hardt raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, October 4th. Finally, BMO Capital Markets assumed coverage on shares of Fiserv in a research note on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $107.18.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction dated Wednesday, October 19th. The shares were sold at an average price of $99.91, for a total value of $1,198,920.00. Following the completion of the sale, the insider now owns 308,994 shares in the company, valued at approximately $30,871,590.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kevin P. Gregoire sold 8,992 shares of the business’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $105.10, for a total transaction of $945,059.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
Fiserv Company Profile
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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