Carillon Tower Advisers Inc. lifted its position in shares of Fiserv Inc (NASDAQ:FISV) by 19.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,400 shares of the business services provider’s stock after buying an additional 12,900 shares during the period. Carillon Tower Advisers Inc.’s holdings in Fiserv were worth $7,097,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC boosted its position in Fiserv by 3.9% during the 1st quarter. Stephens Investment Management Group LLC now owns 60,207 shares of the business services provider’s stock worth $5,315,000 after purchasing an additional 2,285 shares during the period. Moloney Securities Asset Management LLC purchased a new position in Fiserv in the 1st quarter valued at about $283,000. California Public Employees Retirement System boosted its position in Fiserv by 23.9% in the 1st quarter. California Public Employees Retirement System now owns 2,823,649 shares of the business services provider’s stock valued at $249,272,000 after buying an additional 543,956 shares during the last quarter. Stevens Capital Management LP purchased a new position in Fiserv in the 1st quarter valued at about $5,687,000. Finally, Signition LP boosted its position in Fiserv by 7.5% in the 1st quarter. Signition LP now owns 22,322 shares of the business services provider’s stock valued at $1,971,000 after buying an additional 1,553 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.
Shares of FISV stock opened at $84.46 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. Fiserv Inc has a one year low of $68.45 and a one year high of $91.19. The stock has a market cap of $32.71 billion, a PE ratio of 27.25, a P/E/G ratio of 2.01 and a beta of 0.80.
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 transaction, the director now owns 52,014 shares of the company’s stock, valued at $4,425,351.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the transaction, the insider now directly owns 441,112 shares in the company, valued at approximately $37,428,353.20. The disclosure for this sale can be found here. Insiders have sold 157,912 shares of company stock worth $13,389,571 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.
A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Fiserv in a research report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price objective for the company. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Deutsche Bank upped their price objective on shares of Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. William Blair reissued an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Finally, Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and an average price target of $88.57.
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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