Rhumbline Advisers Has $55.24 Million Holdings in Fiserv, Inc. (FISV)
Rhumbline Advisers trimmed its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 428,354 shares of the business services provider’s stock after selling 8,094 shares during the quarter. Rhumbline Advisers owned about 0.21% of Fiserv worth $55,241,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in FISV. Vanguard Group Inc. raised its position in shares of Fiserv by 2.5% in the 2nd 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 during the last quarter. BlackRock Inc. raised its position in shares of Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after purchasing an additional 528,274 shares during the last quarter. FMR LLC raised its position in shares of Fiserv by 0.7% in the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock valued at $845,121,000 after purchasing an additional 47,797 shares during the last quarter. Longview Partners Guernsey LTD raised its position in shares of Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after purchasing an additional 1,020,121 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Fiserv by 7.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock valued at $431,555,000 after purchasing an additional 232,005 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on FISV. BMO Capital Markets increased their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, July 19th. Finally, Barclays PLC reissued an “equal weight” rating and set a $123.00 price target (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv presently has an average rating of “Hold” and an average target price of $128.45.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Monday, October 16th. The stock was sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the transaction, the insider now owns 313,835 shares in the company, valued at approximately $39,926,088.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at approximately $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 in the last three months. 1.80% of the stock is owned by corporate insiders.
Fiserv, Inc. (FISV) traded up $1.57 during trading on Wednesday, reaching $129.73. 714,200 shares of the company were exchanged, compared to its average volume of 867,059. Fiserv, Inc. has a 1 year low of $100.03 and a 1 year high of $130.20. The firm has a market cap of $26,708.47, a PE ratio of 26.32, a P/E/G ratio of 2.19 and a beta of 0.82. 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 released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $1.14 EPS. Fiserv’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that Fiserv, Inc. will post 5.08 EPS for the current fiscal year.
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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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