Asahi Life Asset Management CO. LTD. Acquires Shares of 6,230 Fiserv Inc (FISV)
Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Fiserv Inc (NASDAQ:FISV) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,230 shares of the business services provider’s stock, valued at approximately $550,000.
Other hedge funds also recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $27,000. Sontag Advisory LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $27,000. Destination Wealth Management purchased a new position in Fiserv during the fourth quarter valued at approximately $30,000. JOYN Advisors Inc. raised its position in Fiserv by 80.0% during the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 180 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $31,000. Institutional investors own 90.56% of the company’s stock.
Shares of FISV opened at $85.87 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $91.19. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.01 and a beta of 0.80.
Several brokerages recently weighed in on FISV. Keefe, Bruyette & Woods began coverage on Fiserv in a research report on Monday, April 8th. They set a “market perform” rating and a $101.00 price target for the company. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Deutsche Bank lifted their price target on Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, Wedbush lifted their price target on Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.57.
In other news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total value of $4,198,000.00. Following the sale, the insider now directly owns 436,141 shares of the company’s stock, valued at $36,618,398.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the completion of the sale, the director now directly owns 85,610 shares in the company, valued at $7,448,926.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,912 shares of company stock worth $13,389,571. 1.40% of the stock is owned by corporate insiders.
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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; Internet and 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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