Fiserv, Inc. (FISV) Shares Bought by Oak Ridge Investments LLC
Oak Ridge Investments LLC raised its holdings in Fiserv, Inc. (NASDAQ:FISV) by 37.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,771 shares of the business services provider’s stock after purchasing an additional 7,339 shares during the quarter. Oak Ridge Investments LLC’s holdings in Fiserv were worth $3,275,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Gardiner Nancy B raised its holdings in shares of Fiserv by 6.5% in the 1st quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after buying an additional 762 shares during the period. British Columbia Investment Management Corp raised its holdings in shares of Fiserv by 6.3% in the 1st quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock valued at $9,751,000 after buying an additional 5,016 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Fiserv by 25.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 3,304 shares during the period. Atria Investments LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at $201,000. Finally, Nikko Asset Management Americas Inc. raised its holdings in shares of Fiserv by 755.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock valued at $12,552,000 after buying an additional 90,600 shares during the period. Institutional investors own 87.72% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) opened at 124.09 on Tuesday. The firm has a market capitalization of $26.12 billion, a PE ratio of 30.38 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35. The company’s 50-day moving average price is $123.77 and its 200 day moving average price is $121.12.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. On average, equities analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current year.
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In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on 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 in the company, valued at $32,841,805.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 51,000 shares of company stock valued at $6,342,700 over the last quarter. Insiders own 1.80% of the company’s stock.
Several equities research analysts recently issued reports on FISV shares. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and issued a $136.00 price objective on shares of Fiserv in a report on Friday. Cowen and Company reiterated a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a report on Thursday, August 3rd. Finally, Credit Suisse Group boosted their price objective on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $127.05.
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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