Fiserv, Inc. (FISV) Stake Held by GAM Holding AG
GAM Holding AG held its position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,754 shares of the business services provider’s stock at the end of the second quarter. GAM Holding AG’s holdings in Fiserv were worth $3,151,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Savant Capital LLC increased its position in Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock worth $247,000 after buying an additional 10 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock worth $418,000 after buying an additional 13 shares in the last quarter. Elefante Mark B increased its position in Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after buying an additional 15 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its position in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares in the last quarter. Finally, Nwam LLC increased its position in Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after buying an additional 35 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.
Fiserv, Inc. (NASDAQ:FISV) opened at 122.32 on Monday. The stock has a market cap of $25.74 billion, a PE ratio of 29.94 and a beta of 0.81. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35. The firm’s 50-day moving average price is $124.15 and its 200 day moving average price is $120.11.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current year.
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A number of research analysts have weighed in on the company. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, July 19th. BMO Capital Markets raised their price objective on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up previously from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $123.00 price objective (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 issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total value of $2,126,020.00. Following the completion of the transaction, the insider now directly owns 303,151 shares in the company, valued at approximately $37,912,064.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 51,000 shares of company stock valued at $6,342,700 over the last quarter. 1.80% of the stock is currently owned by insiders.
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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