Blair William & Co. IL Has $230.02 Million Stock Holdings in Fiserv Inc (NASDAQ:FISV)

Blair William & Co. IL boosted its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 3.0% in the first quarter, Holdings Channel.com reports. The fund owned 2,421,461 shares of the business services provider’s stock after buying an additional 70,785 shares during the quarter. Fiserv comprises 1.4% of Blair William & Co. IL’s holdings, making the stock its 12th largest holding. Blair William & Co. IL’s holdings in Fiserv were worth $230,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashfield Capital Partners LLC grew its holdings in Fiserv by 35.1% during the 4th quarter. Ashfield Capital Partners LLC now owns 68,635 shares of the business services provider’s stock worth $7,936,000 after acquiring an additional 17,819 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Fiserv in the 4th quarter valued at $201,000. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Fiserv by 1.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 304,850 shares of the business services provider’s stock valued at $35,250,000 after buying an additional 4,104 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of Fiserv by 0.4% in the 4th quarter. Eagle Asset Management Inc. now owns 60,136 shares of the business services provider’s stock valued at $6,953,000 after buying an additional 267 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Fiserv by 0.3% in the 4th quarter. California Public Employees Retirement System now owns 3,737,687 shares of the business services provider’s stock valued at $432,189,000 after buying an additional 12,653 shares during the period. 92.62% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:FISV traded up $0.35 on Friday, hitting $103.93. 3,004,717 shares of the company’s stock were exchanged, compared to its average volume of 4,695,580. The firm has a 50-day moving average price of $98.55 and a 200-day moving average price of $109.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv Inc has a 52 week low of $73.50 and a 52 week high of $125.05. The company has a market cap of $69.35 billion, a P/E ratio of 57.10, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 150.9% on a year-over-year basis. On average, research analysts expect that Fiserv Inc will post 4.36 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Fiserv from $113.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $108.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Oppenheimer assumed coverage on shares of Fiserv in a report on Thursday, May 7th. They issued a “buy” rating and a $140.00 price target for the company. ValuEngine raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Barclays boosted their price objective on shares of Fiserv from $124.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Five analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $120.39.

In other news, CEO Jeffery W. Yabuki sold 300,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $104.78, for a total value of $31,434,000.00. Following the sale, the chief executive officer now directly owns 357,023 shares of the company’s stock, valued at approximately $37,408,869.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the completion of the sale, the chief executive officer now directly owns 385,537 shares in the company, valued at $36,074,697.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 330,000 shares of company stock worth $34,308,400. 1.60% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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