Fiserv Inc (NASDAQ:FISV) Position Trimmed by Homrich & Berg
Homrich & Berg trimmed its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 8.7% in the first quarter, HoldingsChannel reports. The firm owned 5,998 shares of the business services provider’s stock after selling 574 shares during the period. Homrich & Berg’s holdings in Fiserv were worth $530,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in FISV. Daiwa Securities Group Inc. lifted its holdings in Fiserv by 1.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock valued at $1,155,000 after acquiring an additional 150 shares during the period. WINTON GROUP Ltd increased its position in shares of Fiserv by 52.9% in the fourth quarter. WINTON GROUP Ltd now owns 23,739 shares of the business services provider’s stock valued at $1,745,000 after buying an additional 8,212 shares in the last quarter. First Business Financial Services Inc. purchased a new position in shares of Fiserv in the fourth quarter valued at $7,766,000. Mackenzie Financial Corp increased its position in shares of Fiserv by 78.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock valued at $212,489,000 after buying an additional 1,271,171 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $530,000. 87.39% of the stock is owned by hedge funds and other institutional investors.
Fiserv stock opened at $89.20 on Friday. The stock has a market cap of $35.01 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.15 and a beta of 0.78. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $91.38. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total value of $4,198,000.00. Following the sale, the insider now directly owns 436,141 shares of the company’s stock, valued at approximately $36,618,398.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the sale, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,000 shares of company stock valued at $7,789,900. 1.40% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on FISV shares. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods started coverage on Fiserv in a research report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price target for the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Deutsche Bank raised their price target on Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, William Blair restated an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Buy” and an average target price of $91.45.
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Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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