2 weeks Ago By ABMN Staff
Brandes Investment Partners LP boosted its position in Fiserv, Inc. ( NYSE:FI – Free Report ) by 10.3% in the second quarter, HoldingsChannel.
com reports. The firm owned 1,213,309 shares of the business services provider’s stock after acquiring an additional 113,193 shares during the period. Fiserv accounts for approximately 2.
2% of Brandes Investment Partners LP’s investment portfolio, making the stock its 7th biggest holding. Brandes Investment Partners LP’s holdings in Fiserv were worth $180,835,000 as of its most recent filing with the SEC. Several other hedge funds have also modified their holdings of FI.
Aveo Capital Partners LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $309,000. 9258 Wealth Management LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $552,000. Scotia Capital Inc.
purchased a new position in Fiserv in the fourth quarter worth $1,046,000. Bank of Nova Scotia acquired a new position in shares of Fiserv during the fourth quarter worth $24,446,000. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $54,000.
90.98% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Fiserv In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th.
The shares were sold at an average price of $177.37, for a total value of $25,718,650.00.
Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website .
In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.
90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.
37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.
08. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 211,890 shares of company stock valued at $36,572,057.
0.75% of the stock is currently owned by corporate insiders. Fiserv Price Performance Fiserv ( NYSE:FI – Get Free Report ) last released its earnings results on Wednesday, July 24th.
The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.
03. Fiserv had a net margin of 17.45% and a return on equity of 16.
41%. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.
81 billion. During the same period in the prior year, the business earned $1.81 EPS.
The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc.
will post 8.74 earnings per share for the current year. Wall Street Analysts Forecast Growth Several research analysts recently weighed in on the company.
Royal Bank of Canada boosted their target price on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th.
KeyCorp boosted their price target on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th.
Wells Fargo & Company increased their price objective on shares of Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th.
Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd.
Finally, B. Riley raised their price target on shares of Fiserv from $180.00 to $185.
00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.
88. Check Out Our Latest Stock Analysis on Fiserv Fiserv Profile ( Free Report ) Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.
Read More Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. ( NYSE:FI – Free Report ).
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