Teachers Advisors LLC lessened its position in Fiserv, Inc. (NASDAQ:FISV) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 413,643 shares of the business services provider’s stock after selling 35,084 shares during the period. Teachers Advisors LLC owned approximately 0.19% of Fiserv worth $50,605,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in shares of Fiserv by 0.5% in the 1st quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock worth $247,000 after acquiring an additional 10 shares during the period. Ropes Wealth Advisors LLC increased its holdings in shares of Fiserv by 0.4% in the 1st quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock worth $418,000 after acquiring an additional 13 shares during the period. Elefante Mark B increased its holdings in shares of Fiserv by 0.3% in the 2nd quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after acquiring an additional 15 shares during the period. Morgan Dempsey Capital Management LLC increased its holdings in shares of Fiserv by 2.3% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after acquiring an additional 33 shares during the period. Finally, Nwam LLC increased its holdings in shares of Fiserv by 1.9% in the 2nd quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after acquiring an additional 35 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.
Fiserv, Inc. (NASDAQ:FISV) opened at 124.05 on Friday. The firm’s 50-day moving average is $123.48 and its 200 day moving average is $121.30. The firm has a market cap of $26.11 billion, a PE ratio of 30.37 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 51,000 shares of company stock valued at $6,342,700 over the last ninety days. 1.80% of the stock is currently owned by company insiders.
FISV has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Wednesday, July 19th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Fiserv in a report on Friday, September 8th. Finally, Barclays PLC reissued an “equal weight” rating and set a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $127.05.
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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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