Andra AP fonden Takes Position in Fiserv Inc (NASDAQ:FISV)

Andra AP fonden acquired a new stake in Fiserv Inc (NASDAQ:FISV) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 88,400 shares of the business services provider’s stock, valued at approximately $7,804,000.

Other hedge funds also recently made changes to their positions in the company. GWM Advisors LLC bought a new position in shares of Fiserv during the first quarter valued at approximately $216,000. Neuburgh Advisers LLC raised its holdings in shares of Fiserv by 5.5% during the first quarter. Neuburgh Advisers LLC now owns 19,844 shares of the business services provider’s stock valued at $1,752,000 after acquiring an additional 1,034 shares in the last quarter. Tyers Asset Management LLC raised its holdings in shares of Fiserv by 5.5% during the first quarter. Tyers Asset Management LLC now owns 25,256 shares of the business services provider’s stock valued at $2,230,000 after acquiring an additional 1,316 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Fiserv by 857.8% during the first quarter. Lazard Asset Management LLC now owns 3,493,843 shares of the business services provider’s stock valued at $308,435,000 after acquiring an additional 3,129,050 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Fiserv by 3.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 446,700 shares of the business services provider’s stock valued at $39,435,000 after acquiring an additional 15,900 shares in the last quarter. Hedge funds and other institutional investors own 87.39% of the company’s stock.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the sale, the insider now directly owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The transaction was disclosed in a legal 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 on Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of 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 sold 102,904 shares of company stock worth $8,738,657. Insiders own 1.40% of the company’s stock.



A number of equities analysts recently commented on FISV shares. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Moffett Nathanson started coverage on Fiserv in a report on Tuesday, May 21st. They set a “buy” rating and a $108.00 target price for the company. SunTrust Banks upgraded Fiserv from a “hold” rating to a “buy” rating and upped their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 5th. They noted that the move was a valuation call. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Deutsche Bank upped their price target on Fiserv from $71.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Fiserv presently has an average rating of “Buy” and a consensus target price of $90.60.

Shares of FISV stock opened at $89.64 on Wednesday. The firm has a market capitalization of $35.55 billion, a P/E ratio of 28.92, a PEG ratio of 2.17 and a beta of 0.78. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $91.38. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.07 and a current ratio of 1.07.

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

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About Fiserv

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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