Oregon Public Employees Retirement Fund Raises Position in Fiserv, Inc. (FISV)
Oregon Public Employees Retirement Fund lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,551 shares of the business services provider’s stock after purchasing an additional 1,769 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Fiserv were worth $11,033,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. USA Financial Portformulas Corp acquired a new stake in shares of Fiserv in the third quarter valued at approximately $3,294,000. Parnassus Investments CA grew its holdings in Fiserv by 13.5% during the 3rd quarter. Parnassus Investments CA now owns 737,500 shares of the business services provider’s stock worth $95,108,000 after acquiring an additional 87,500 shares during the period. State of Wisconsin Investment Board grew its holdings in Fiserv by 15.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 258,647 shares of the business services provider’s stock worth $33,355,000 after acquiring an additional 35,197 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Fiserv by 2.1% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,167 shares of the business services provider’s stock worth $4,277,000 after acquiring an additional 676 shares during the period. Finally, Forsta AP Fonden grew its holdings in Fiserv by 14.5% during the 3rd quarter. Forsta AP Fonden now owns 63,216 shares of the business services provider’s stock worth $8,152,000 after acquiring an additional 7,986 shares during the period. 88.43% of the stock is owned by institutional investors and hedge funds.
Fiserv, Inc. (NASDAQ:FISV) traded down $0.20 on Thursday, reaching $128.62. 45,737 shares of the company traded hands, compared to its average volume of 1,095,806. The company has a market cap of $26,460.47, a PE ratio of 26.07, a P/E/G ratio of 2.17 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $97.06 and a 1-year high of $130.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 earnings per share. equities research analysts predict that Fiserv, Inc. will post 5.08 EPS for the current fiscal year.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the sale, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders sold a total of 57,124 shares of company stock worth $7,133,943 over the last ninety days. 1.80% of the stock is currently owned by insiders.
FISV has been the subject of a number of analyst reports. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 target price on shares of Fiserv in a report on Friday, September 8th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, July 19th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $136.00 in a report on Monday, July 17th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $123.00 target price (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $128.45.
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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