Candriam Luxembourg S.C.A. Has $2.47 Million Position in Fiserv, Inc. (NASDAQ:FISV)
Candriam Luxembourg S.C.A. increased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 12.9% during the second quarter, Holdings Channel reports. The fund owned 20,194 shares of the business services provider’s stock after buying an additional 2,312 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Fiserv were worth $2,471,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of FISV. First Manhattan Co. increased its position 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 valued at $102,000 after buying an additional 134 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Fiserv during the first quarter valued at $131,000. Trust Co. of Vermont increased its position 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 valued at $159,000 after buying an additional 453 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its position 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 valued at $171,000 after buying an additional 33 shares during the last quarter. Finally, University of Texas Investment Managment Co. bought a new position in shares of Fiserv during the first quarter valued at $184,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.
Fiserv, Inc. (NASDAQ FISV) opened at 123.30 on Thursday. The stock has a market capitalization of $26.67 billion, a PE ratio of 30.18 and a beta of 0.81. The stock’s 50 day moving average price is $124.44 and its 200-day moving average price is $118.91. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.23 by $0.04. The company 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 was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. On average, equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
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Several equities analysts have recently weighed in on the company. Cowen and Company restated a “hold” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, August 3rd. Barclays PLC restated an “equal weight” rating and set a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Royal Bank Of Canada raised their price target on Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. BMO Capital Markets raised their price target on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Finally, Credit Suisse Group raised their price target on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Fiserv presently has an average rating of “Buy” and an average target price of $126.91.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the sale, the insider now directly owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is owned by corporate 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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