Oak Ridge Investments LLC Has $3.25 Million Stake in Fiserv, Inc. (FISV)
Oak Ridge Investments LLC trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,175 shares of the business services provider’s stock after selling 1,596 shares during the period. Oak Ridge Investments LLC’s holdings in Fiserv were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Fiserv in the second quarter valued at approximately $104,000. Acrospire Investment Management LLC acquired a new stake in shares of Fiserv in the second quarter valued at approximately $122,000. Trust Co. of Vermont raised 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 in the last quarter. Finally, Sun Life Financial INC raised its position in shares of Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.
Fiserv, Inc. (FISV) traded down $1.15 during midday trading on Friday, hitting $128.39. 774,086 shares of the company’s stock were exchanged, compared to its average volume of 866,464. The company has a market capitalization of $27,080.00, a PE ratio of 26.64, a PEG ratio of 2.22 and a beta of 0.82. Fiserv, Inc. has a 12-month low of $102.51 and a 12-month high of $130.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. analysts expect that Fiserv, Inc. will post 5.08 EPS for the current year.
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A number of research firms have recently weighed in on FISV. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Cowen and Company reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Fiserv presently has an average rating of “Hold” and a consensus target price of $128.45.
In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the sale, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,124 shares of company stock worth $7,133,943. 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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