Fiserv Inc (FISV) Shares Bought by Oakbrook Investments LLC
Oakbrook Investments LLC grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 25.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,300 shares of the business services provider’s stock after acquiring an additional 8,700 shares during the quarter. Oakbrook Investments LLC’s holdings in Fiserv were worth $3,567,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sonora Investment Management LLC acquired a new stake in Fiserv during the 2nd quarter worth approximately $106,000. Fort L.P. acquired a new stake in Fiserv during the 2nd quarter worth approximately $120,000. Braun Bostich & Associates Inc. increased its position in Fiserv by 515.8% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock worth $127,000 after purchasing an additional 1,434 shares in the last quarter. Trust Co. of Vermont increased its position in Fiserv by 100.0% during the 1st quarter. Trust Co. of Vermont now owns 1,898 shares of the business services provider’s stock worth $135,000 after purchasing an additional 949 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in Fiserv during the 2nd quarter worth approximately $135,000. 88.36% of the stock is owned by institutional investors.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Monday. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Deutsche Bank increased their target price on shares of Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Credit Suisse Group increased their target price on shares of Fiserv from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Citigroup increased their price objective on shares of Fiserv from $72.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $78.82.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $0.57 earnings per share. Fiserv’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Fiserv Inc will post 3.13 earnings per share for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $79.72, for a total value of $3,986,000.00. Following the completion of the sale, the insider now owns 418,380 shares of the company’s stock, valued at $33,353,253.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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