DekaBank Deutsche Girozentrale Has $15.68 Million Stake in Fiserv, Inc. (NASDAQ:FISV)
DekaBank Deutsche Girozentrale boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 8.4% during the second quarter, Holdings Channel reports. The firm owned 128,088 shares of the business services provider’s stock after buying an additional 9,909 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Fiserv were worth $15,680,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. raised its position in shares of Fiserv by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,789 shares of the business services provider’s stock valued at $624,000 after buying an additional 90 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Fiserv by 26.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,882 shares of the business services provider’s stock valued at $2,062,000 after buying an additional 3,795 shares during the last quarter. Westwood Management Corp IL raised its position in shares of Fiserv by 0.4% in the first quarter. Westwood Management Corp IL now owns 136,340 shares of the business services provider’s stock valued at $15,721,000 after buying an additional 500 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Fiserv during the first quarter valued at $233,000. Finally, Huntington National Bank raised its position in shares of Fiserv by 9.3% in the first quarter. Huntington National Bank now owns 200,573 shares of the business services provider’s stock valued at $23,129,000 after buying an additional 17,091 shares during the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fiserv, Inc. (FISV) opened at 122.84 on Friday. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35. The firm’s 50-day moving average is $124.30 and its 200-day moving average is $119.03. The firm has a market capitalization of $25.85 billion, a P/E ratio of 30.07 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current year.
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Several equities analysts have recently weighed in on the stock. Barclays PLC reissued an “equal weight” rating and issued a $123.00 price objective (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Royal Bank Of Canada upped their price target on shares of Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. BMO Capital Markets upped their price target 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. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, Wedbush restated an “outperform” rating and issued a $146.25 price target (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 303,151 shares in the company, valued at $37,912,064.06. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 51,000 shares of company stock worth $6,339,810. Company insiders own 1.80% of the company’s stock.
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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