HM Payson & Co. maintained its position in Fiserv, Inc. (NASDAQ:FISV) during the third quarter, Holdings Channel reports. The firm owned 8,093 shares of the company’s stock at the end of the third quarter. HM Payson & Co.’s holdings in Fiserv were worth $805,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Fiserv by 151.9% in the second quarter. Franklin Resources Inc. now owns 875,458 shares of the company’s stock worth $95,172,000 after buying an additional 527,935 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock worth $540,589,000 after buying an additional 360,025 shares during the period. Bank of Montreal Can bought a new stake in Fiserv during the second quarter worth approximately $36,230,000. FMR LLC boosted its stake in Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock worth $1,121,188,000 after buying an additional 295,107 shares during the period. Finally, Morgan Stanley boosted its stake in Fiserv by 55.2% in the third quarter. Morgan Stanley now owns 821,388 shares of the company’s stock worth $81,705,000 after buying an additional 292,168 shares during the period. 85.74% of the stock is currently owned by institutional investors and hedge funds.
Fiserv, Inc. (NASDAQ:FISV) traded down 0.33% during trading on Wednesday, hitting $110.08. 731,663 shares of the company traded hands. The company’s 50-day moving average is $107.06 and its 200 day moving average is $104.20. Fiserv, Inc. has a 52-week low of $88.57 and a 52-week high of $111.51. The firm has a market cap of $23.89 billion, a price-to-earnings ratio of 27.61 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The business earned $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a return on equity of 36.84% and a net margin of 16.61%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts anticipate that Fiserv, Inc. will post $4.44 earnings per share for the current year.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Tuesday. BMO Capital Markets assumed coverage on shares of Fiserv in a research note on Thursday, January 5th. They issued a “market perform” rating and a $109.00 target price for the company. Robert W. Baird upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating and set a $112.00 target price for the company in a research note on Friday, October 28th. Monness Crespi & Hardt lifted their target price on shares of Fiserv from $115.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday, January 9th. Finally, Pacific Crest assumed coverage on shares of Fiserv in a research note on Friday, November 18th. They issued a “sector weight” rating and a $101.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $107.59.
In other news, insider Kevin P. Gregoire sold 8,992 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $105.10, for a total value of $945,059.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $102.45, for a total value of $1,229,400.00. Following the completion of the sale, the insider now owns 302,194 shares of the company’s stock, valued at approximately $30,959,775.30. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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