Stephens Investment Management Group LLC Has $2.76 Million Stake in Fiserv, Inc. (FISV)
Stephens Investment Management Group LLC raised its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,555 shares of the business services provider’s stock after buying an additional 38 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Fiserv were worth $2,759,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Symphony Asset Management LLC acquired a new position in shares of Fiserv during the 2nd quarter worth about $1,895,000. Summit Global Investments grew its position in shares of Fiserv by 3.4% during the 2nd quarter. Summit Global Investments now owns 45,685 shares of the business services provider’s stock worth $5,589,000 after buying an additional 1,495 shares during the period. AJO LP acquired a new position in shares of Fiserv during the 2nd quarter worth about $2,561,000. Oak Ridge Investments LLC grew its position in shares of Fiserv by 37.8% during the 2nd quarter. Oak Ridge Investments LLC now owns 26,771 shares of the business services provider’s stock worth $3,275,000 after buying an additional 7,339 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd grew its position in shares of Fiserv by 783.0% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 32,858 shares of the business services provider’s stock worth $4,020,000 after buying an additional 29,137 shares during the period. Institutional investors own 87.72% of the company’s stock.
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Fiserv, Inc. (NASDAQ:FISV) opened at 123.99 on Thursday. The firm has a market capitalization of $26.10 billion, a price-to-earnings ratio of 30.35 and a beta of 0.82. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The company has a 50 day moving average price of $123.73 and a 200 day moving average price of $121.20.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total value of $2,126,020.00. Following the completion of 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 filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 51,000 shares of company stock valued at $6,342,700. 1.80% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on FISV shares. Wedbush restated an “outperform” rating and set a $146.25 target price (up from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Robert W. Baird restated an “outperform” rating and set a $134.00 target price (up from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th. Cantor Fitzgerald restated a “hold” rating and set a $118.00 target price on shares of Fiserv in a research report on Tuesday, June 20th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $127.05.
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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