Mountain Pacific Investment Advisers Inc. ID lessened its stake in Fiserv Inc (NASDAQ:FISV) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 608,092 shares of the business services provider’s stock after selling 37,735 shares during the period. Fiserv makes up approximately 5.1% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its largest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Fiserv were worth $53,682,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of FISV. Oregon Public Employees Retirement Fund boosted its stake in shares of Fiserv by 7,194.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after acquiring an additional 10,203,585 shares during the last quarter. Norges Bank purchased a new position in shares of Fiserv during the 4th quarter worth $288,462,000. Findlay Park Partners LLP boosted its stake in shares of Fiserv by 144.4% during the 1st quarter. Findlay Park Partners LLP now owns 3,850,000 shares of the business services provider’s stock worth $339,878,000 after acquiring an additional 2,275,000 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Fiserv by 50.9% during the 1st quarter. Janus Henderson Group PLC now owns 4,060,675 shares of the business services provider’s stock worth $358,489,000 after acquiring an additional 1,370,268 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Fiserv by 78.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock worth $212,489,000 after acquiring an additional 1,271,171 shares during the last quarter. 90.56% of the stock is owned by institutional investors and hedge funds.
FISV has been the topic of several analyst reports. Royal Bank of Canada upgraded shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price target on the stock in a research note on Monday, January 28th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $74.50 to $88.00 in a research note on Friday, January 18th. Cowen upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $80.59 target price on the stock in a research note on Thursday, January 24th. Cantor Fitzgerald restated a “hold” rating and set a $83.00 target price on shares of Fiserv in a research note on Friday, February 8th. Finally, Edward Jones cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and an average price target of $88.57.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $85.08, for a total value of $1,167,978.24. Following the sale, the director now owns 52,014 shares in the company, valued at approximately $4,425,351.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the completion of the sale, the insider now owns 436,141 shares in the company, valued at approximately $36,618,398.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,912 shares of company stock worth $15,099,371. Corporate insiders own 1.40% of the company’s stock.
Shares of FISV traded down $0.68 during trading hours on Friday, reaching $87.10. 26,050 shares of the stock traded hands, compared to its average volume of 4,108,753. 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 Inc has a 52-week low of $68.45 and a 52-week high of $91.19. The stock has a market cap of $33.70 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.81% and a return on equity of 50.83%. Fiserv’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 EPS. On average, equities research analysts predict that Fiserv Inc will post 3.45 earnings per share for the current year.
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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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