Fiserv Inc (FISV) Shares Bought by Peoples Bank OH

Peoples Bank OH increased its stake in shares of Fiserv Inc (NASDAQ:FISV) by 1.7% during the first quarter, Holdings Channel reports. The institutional investor owned 10,465 shares of the business services provider’s stock after buying an additional 170 shares during the quarter. Fiserv accounts for about 0.6% of Peoples Bank OH’s investment portfolio, making the stock its 28th biggest holding. Peoples Bank OH’s holdings in Fiserv were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. Oregon Public Employees Retirement Fund grew its holdings in shares of Fiserv by 7,194.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock valued at $141,000 after buying an additional 10,203,585 shares during the last quarter. Norges Bank purchased a new stake in shares of Fiserv during the fourth quarter valued at $288,462,000. Findlay Park Partners LLP grew its holdings in shares of Fiserv by 144.4% during the first quarter. Findlay Park Partners LLP now owns 3,850,000 shares of the business services provider’s stock valued at $339,878,000 after buying an additional 2,275,000 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Fiserv by 50.9% during the first quarter. Janus Henderson Group PLC now owns 4,060,675 shares of the business services provider’s stock valued at $358,489,000 after buying an additional 1,370,268 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Fiserv by 78.5% during 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 during the last quarter. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FISV stock traded up $0.56 during mid-day trading on Tuesday, hitting $83.93. 370,003 shares of the stock were exchanged, compared to its average volume of 5,119,597. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $91.19. The firm has a market cap of $33.45 billion, a P/E ratio of 27.07, a PEG ratio of 2.04 and a beta of 0.80.



Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts anticipate that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

In other news, Director Denis Oleary sold 13,728 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the sale, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the sale, the chief executive officer now directly owns 391,146 shares in the company, valued at $33,329,550.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,912 shares of company stock worth $13,389,571. Corporate insiders own 1.40% of the company’s stock.

Several research firms have commented on FISV. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Deutsche Bank upped their price target on shares of Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods began coverage on shares of Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Fiserv has an average rating of “Hold” and a consensus target price of $88.57.

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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.

Further Reading: What is a Derivative?

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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