Fiserv, Inc. (NASDAQ:FISV) Shares Sold by Sei Investments Co.
Sei Investments Co. cut its position in Fiserv, Inc. (NASDAQ:FISV) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,953 shares of the business services provider’s stock after selling 9,048 shares during the period. Sei Investments Co. owned about 0.06% of Fiserv worth $15,287,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of FISV. Savant Capital LLC raised its stake in shares of Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock worth $247,000 after buying an additional 10 shares during the period. Ropes Wealth Advisors LLC raised its stake in shares of Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock worth $418,000 after buying an additional 13 shares during the period. Elefante Mark B raised its stake in shares of Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after buying an additional 15 shares during the period. Morgan Dempsey Capital Management LLC raised its stake in shares of 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 period. Finally, Nwam LLC raised its stake in shares of Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 87.60% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) opened at 123.08 on Monday. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The firm has a market cap of $26.62 billion, a P/E ratio of 30.13 and a beta of 0.81. The stock’s 50 day moving average is $124.64 and its 200 day moving average is $118.43.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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Several analysts have weighed in on the stock. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, July 19th. BMO Capital Markets boosted their target price on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Cantor Fitzgerald boosted their target price on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Fiserv currently has an average rating of “Buy” and an average target price of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the transaction, the insider now directly owns 303,151 shares in the company, valued at $37,912,064.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 51,000 shares of company stock valued at $6,339,810 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
Fiserv Company Profile
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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