Bp Plc Acquires 19,000 Shares of Fiserv, Inc. (NASDAQ:FISV)
Bp Plc raised its position in Fiserv, Inc. (NASDAQ:FISV) by 70.4% during the second quarter, Holdings Channel reports. The institutional investor owned 46,000 shares of the business services provider’s stock after buying an additional 19,000 shares during the period. Bp Plc’s holdings in Fiserv were worth $5,627,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of FISV. First Manhattan Co. boosted its stake in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Fiserv during the second quarter worth about $104,000. Advisory Services Network LLC acquired a new stake in shares of Fiserv during the first quarter worth about $131,000. Trust Co. of Vermont boosted its stake in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ FISV) opened at 124.08 on Tuesday. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35. The firm’s 50-day moving average is $124.64 and its 200-day moving average is $118.43. The company has a market capitalization of $26.84 billion, a PE ratio of 30.37 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. On average, equities research analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price objective on shares of Fiserv in a report on Friday, April 28th. Barclays PLC reiterated an “equal weight” rating and issued a $123.00 price objective (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cantor Fitzgerald reiterated a “hold” rating and issued a $118.00 price objective on shares of Fiserv in a report on Tuesday, June 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $146.25 price objective (up from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Nine 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. The company presently has an average rating of “Buy” and an average price target of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the transaction, the insider now directly owns 303,151 shares in the company, valued at approximately $37,912,064.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 51,000 shares of company stock worth $6,339,810 over the last 90 days. 1.80% of the stock is owned by company insiders.
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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