Toronto Dominion Bank Purchases 13,985 Shares of Fiserv, Inc. (FISV)
Toronto Dominion Bank lifted its position in Fiserv, Inc. (NASDAQ:FISV) by 23.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,708 shares of the business services provider’s stock after purchasing an additional 13,985 shares during the quarter. Toronto Dominion Bank’s holdings in Fiserv were worth $8,894,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of FISV. BlackRock Inc. raised its stake in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after purchasing an additional 13,827,530 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Fiserv by 267.7% in the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after purchasing an additional 1,360,102 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Fiserv by 116.6% in the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after purchasing an additional 896,418 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Fiserv by 232.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after purchasing an additional 314,674 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.
In other news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders sold a total of 57,124 shares of company stock valued at $7,113,543 over the last ninety days. Insiders own 1.80% of the company’s stock.
A number of brokerages recently commented on FISV. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Monday. Cowen and Company restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Robert W. Baird restated an “outperform” rating and issued a $146.00 target price (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Royal Bank Of Canada restated a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research note on Sunday, October 8th. Finally, BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $127.77.
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Shares of Fiserv, Inc. (NASDAQ FISV) traded down 0.303% during mid-day trading on Tuesday, hitting $126.815. The stock had a trading volume of 84,738 shares. The stock has a 50 day moving average price of $125.65 and a 200 day moving average price of $122.89. The firm has a market cap of $26.69 billion, a PE ratio of 31.044 and a beta of 0.82. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.81.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion during 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%. Fiserv’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. Equities research analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
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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