Fiserv Inc (NASDAQ:FISV) Shares Purchased by Close Asset Management Ltd

Close Asset Management Ltd raised its holdings in Fiserv Inc (NASDAQ:FISV) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,107,701 shares of the business services provider’s stock after acquiring an additional 38,799 shares during the period. Fiserv comprises about 7.9% of Close Asset Management Ltd’s investment portfolio, making the stock its 7th largest holding. Close Asset Management Ltd owned about 0.28% of Fiserv worth $100,972,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FISV. Dimensional Fund Advisors LP increased its holdings in Fiserv by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,436,558 shares of the business services provider’s stock valued at $105,572,000 after purchasing an additional 15,608 shares during the last quarter. Geode Capital Management LLC grew its stake in Fiserv by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock valued at $456,535,000 after acquiring an additional 469,507 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Fiserv in the first quarter valued at about $482,000. Raymond James Trust N.A. grew its stake in Fiserv by 68.7% in the first quarter. Raymond James Trust N.A. now owns 5,145 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 2,096 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in Fiserv in the first quarter valued at about $1,265,000. 87.39% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:FISV opened at $105.78 on Wednesday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The company has a 50 day simple moving average of $97.68. The company has a market capitalization of $41.12 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. Fiserv Inc has a 12-month low of $68.45 and a 12-month high of $107.06.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, equities research analysts forecast that Fiserv Inc will post 3.76 earnings per share for the current fiscal year.

Several research firms have recently weighed in on FISV. Moffett Nathanson began coverage on Fiserv in a research report on Tuesday, May 21st. They set a “buy” rating and a $108.00 price objective for the company. Raymond James began coverage on Fiserv in a research report on Friday, June 21st. They set an “outperform” rating and a $103.00 price objective for the company. Susquehanna Bancshares began coverage on Fiserv in a research report on Friday, May 31st. They set a “neutral” rating and a $95.00 price objective for the company. Deutsche Bank raised Fiserv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $120.00 in a research report on Tuesday, July 30th. Finally, Northcoast Research raised Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price objective for the company in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $97.75.

In other Fiserv news, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $89.23, for a total value of $1,784,600.00. Following the sale, the insider now owns 354,929 shares in the company, valued at $31,670,314.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 owns 371,429 shares in the company, valued at approximately $33,038,609.55. The disclosure for this sale can be found here. Insiders sold 62,000 shares of company stock worth $5,911,500 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Fiserv 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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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