Delta Lloyd Asset Management N.V. Takes $2.57 Million Position in Fiserv, Inc. (FISV)
Delta Lloyd Asset Management N.V. purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,990 shares of the business services provider’s stock, valued at approximately $2,568,000.
Several other large investors have also made changes to their positions in FISV. First Manhattan Co. lifted its holdings in shares of Fiserv by 14.9% during the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 134 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Fiserv during the second quarter valued at $104,000. Parallel Advisors LLC lifted its holdings in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Fiserv during the first quarter valued at $131,000. Finally, Trust Co. of Vermont lifted its holdings in shares of Fiserv by 53.3% during the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 453 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the sale, the insider now directly owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 51,000 shares of company stock valued at $6,342,700. 1.80% of the stock is owned by company insiders.
Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 123.00 on Monday. The stock has a market cap of $25.89 billion, a PE ratio of 30.11 and a beta of 0.82. The company’s 50 day moving average price is $124.19 and its 200 day moving average price is $120.64. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm posted $1.08 earnings per share. Fiserv’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current year.
FISV has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $146.25 price target (up from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Robert W. Baird reissued an “outperform” rating and issued a $134.00 target price (up previously from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Cantor Fitzgerald reissued a “hold” rating and issued a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the company from $131.00 to $136.00 in a report on Monday, July 17th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $126.91.
Fiserv Company Profile
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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