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.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.76 earnings per share. Fiserv’s quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts anticipate that Fiserv Inc will post 3.45 earnings per share for the current year.

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.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2019/05/16/asahi-life-asset-management-co-ltd-acquires-shares-of-6230-fiserv-inc-fisv.html.

Fiserv 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; 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.

Further Reading: What is a stock split?

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.