Wetherby Asset Management Inc. Sells 571 Shares of Fiserv, Inc. (FISV)
Wetherby Asset Management Inc. reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,413 shares of the company’s stock after selling 571 shares during the period. Wetherby Asset Management Inc.’s holdings in Fiserv were worth $894,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Fund Advisors raised its position in shares of Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock worth $540,589,000 after buying an additional 360,025 shares in the last quarter. Morgan Stanley raised its position in shares of Fiserv by 55.2% in the third quarter. Morgan Stanley now owns 821,388 shares of the company’s stock worth $81,705,000 after buying an additional 292,168 shares in the last quarter. Capital World Investors raised its position in shares of Fiserv by 10.3% in the third quarter. Capital World Investors now owns 2,857,700 shares of the company’s stock worth $284,255,000 after buying an additional 267,700 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Fiserv during the third quarter worth about $22,016,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Fiserv by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,464,629 shares of the company’s stock worth $811,630,000 after buying an additional 201,948 shares in the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) opened at 111.25 on Friday. The stock’s 50 day moving average is $108.50 and its 200 day moving average is $104.02. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 26.81 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $111.51.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $1.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.16. The company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post $5.11 earnings per share for the current year.
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A number of equities analysts recently issued reports on FISV shares. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Tuesday, January 17th. William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. They noted that the move was a valuation call. Monness Crespi & Hardt increased their target price on shares of Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, January 9th. Northcoast Research reiterated a “neutral” rating on shares of Fiserv in a research report on Thursday, February 9th. Finally, Pacific Crest started coverage on shares of Fiserv in a research report on Friday, November 18th. They issued a “sector weight” rating and a $101.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and an average price target of $109.29.
In other Fiserv news, insider Kevin P. Gregoire sold 8,992 shares of Fiserv stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $105.10, for a total transaction of $945,059.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $108.72, for a total value of $1,304,640.00. Following the transaction, the insider now directly owns 284,994 shares of the company’s stock, valued at $30,984,547.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,992 shares of company stock valued at $6,237,779. Company insiders own 1.90% of the company’s stock.
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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