Water Island Capital LLC Invests $64,000 in Fiserv Inc (FISV) Stock

Water Island Capital LLC bought a new stake in Fiserv Inc (NASDAQ:FISV) during the 1st quarter, HoldingsChannel reports. The firm bought 723 shares of the business services provider’s stock, valued at approximately $64,000.

A number of other hedge funds also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its position 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 valued at $141,000 after purchasing an additional 10,203,585 shares during the last quarter. Norges Bank purchased a new position in shares of Fiserv in the fourth quarter worth $288,462,000. Findlay Park Partners LLP raised its stake in shares of Fiserv by 144.4% in the first quarter. Findlay Park Partners LLP now owns 3,850,000 shares of the business services provider’s stock worth $339,878,000 after purchasing an additional 2,275,000 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Fiserv by 50.9% in the first quarter. Janus Henderson Group PLC now owns 4,060,675 shares of the business services provider’s stock worth $358,489,000 after purchasing an additional 1,370,268 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Fiserv by 78.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock worth $212,489,000 after purchasing an additional 1,271,171 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.

A number of research firms recently commented on FISV. Cantor Fitzgerald reiterated a “hold” rating and set a $73.00 price objective on shares of Fiserv in a research report on Wednesday, January 16th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Stephens raised Fiserv from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $76.00 to $90.00 in a research report on Wednesday, January 16th. Wolfe Research raised Fiserv from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Finally, Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.50 to $88.00 in a research report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $88.57.

In other Fiserv news, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the transaction, the director now owns 85,610 shares in the company, valued at approximately $7,448,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Denis Oleary sold 13,728 shares of Fiserv stock in a transaction dated 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 transaction, the director now owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,912 shares of company stock valued at $13,389,571. 1.40% of the stock is currently owned by insiders.

Shares of Fiserv stock traded up $1.69 during trading on Thursday, reaching $87.56. The company’s stock had a trading volume of 97,335 shares, compared to its average volume of 5,088,645. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $33.70 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.01 and a beta of 0.80. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $91.19.

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

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Fiserv Company 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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