Fiserv, Inc. (FISV) Shares Bought by Nikko Asset Management Americas Inc.
Nikko Asset Management Americas Inc. increased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 755.0% during the second quarter, Holdings Channel reports. The firm owned 102,600 shares of the business services provider’s stock after buying an additional 90,600 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Fiserv were worth $12,552,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Fiserv by 1.9% in the first quarter. Bank of Montreal Can now owns 210,899 shares of the business services provider’s stock worth $24,319,000 after buying an additional 3,899 shares during the period. Baldwin Brothers Inc. MA raised its position in shares of Fiserv by 11.5% in the first quarter. Baldwin Brothers Inc. MA now owns 2,214 shares of the business services provider’s stock worth $255,000 after buying an additional 229 shares during the period. DnB Asset Management AS raised its position in shares of Fiserv by 18.5% in the first quarter. DnB Asset Management AS now owns 23,070 shares of the business services provider’s stock worth $2,660,000 after buying an additional 3,600 shares during the period. Barometer Capital Management Inc. raised its position in shares of Fiserv by 9.2% in the first quarter. Barometer Capital Management Inc. now owns 21,130 shares of the business services provider’s stock worth $2,437,000 after buying an additional 1,775 shares during the period. Finally, University of Texas Investment Managment Co. bought a new position in shares of Fiserv during the first quarter worth $184,000. Institutional investors own 88.03% of the company’s stock.
Fiserv, Inc. (FISV) opened at 121.09 on Friday. The company’s 50 day moving average is $124.26 and its 200 day moving average is $119.47. The firm has a market cap of $25.49 billion, a price-to-earnings ratio of 29.64 and a beta of 0.81. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $1.08 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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A number of equities analysts have weighed in on FISV shares. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Thursday, April 20th. Vetr lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price target on the stock. in a report on Thursday, April 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Cantor Fitzgerald lifted their price target on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price target on shares of Fiserv in a report on Friday, April 28th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the transaction, the insider now owns 323,776 shares in the company, valued at approximately $39,452,105.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is currently 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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