Fiserv Inc (NASDAQ:FISV) Shares Purchased by Strs Ohio

Strs Ohio boosted its position in Fiserv Inc (NASDAQ:FISV) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 960,230 shares of the business services provider’s stock after acquiring an additional 9,893 shares during the period. Strs Ohio owned about 0.14% of Fiserv worth $111,031,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Savior LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $28,000. Truewealth LLC grew its position in Fiserv by 70.5% in the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 103 shares in the last quarter. Cordasco Financial Network acquired a new stake in Fiserv in the third quarter valued at approximately $29,000. Financial Management Professionals Inc. acquired a new stake in Fiserv in the third quarter valued at approximately $31,000. Finally, Liberty Wealth Management LLC purchased a new stake in shares of Fiserv during the third quarter valued at approximately $36,000. 92.60% of the stock is owned by hedge funds and other institutional investors.

Fiserv stock traded down $1.49 during midday trading on Friday, hitting $120.74. The stock had a trading volume of 72,778 shares, compared to its average volume of 2,393,592. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market cap of $82.98 billion, a P/E ratio of 55.92, a P/E/G ratio of 1.78 and a beta of 0.78. Fiserv Inc has a 12 month low of $80.58 and a 12 month high of $122.52. The business has a fifty day moving average price of $117.06 and a 200 day moving average price of $108.12.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.78 billion. Fiserv’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. On average, equities analysts anticipate that Fiserv Inc will post 4.01 EPS for the current fiscal year.

In other Fiserv news, EVP Devin Mcgranahan sold 3,500 shares of Fiserv stock in a transaction on Friday, December 13th. The shares were sold at an average price of $116.12, for a total value of $406,420.00. Following the completion of the transaction, the executive vice president now owns 62,998 shares of the company’s stock, valued at $7,315,327.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffery W. Yabuki sold 45,000 shares of Fiserv stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $114.29, for a total transaction of $5,143,050.00. Following the completion of the transaction, the chief executive officer now directly owns 869,809 shares of the company’s stock, valued at approximately $99,410,470.61. The disclosure for this sale can be found here. Insiders sold a total of 171,500 shares of company stock valued at $19,741,890 over the last quarter. Company insiders own 1.40% of the company’s stock.

A number of research firms have recently commented on FISV. Morgan Stanley started coverage on shares of Fiserv in a research report on Monday, December 16th. They set an “equal weight” rating and a $121.00 target price on the stock. Moffett Nathanson lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. Bank of America assumed coverage on shares of Fiserv in a research note on Tuesday, December 3rd. They set a “buy” rating on the stock. BidaskClub raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fiserv in a research report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $113.02.

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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