Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,600 shares of the business services provider’s stock after acquiring an additional 3,153 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fiserv were worth $4,331,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $26,000. Savior LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $28,000. Virtus ETF Advisers LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $32,000. Howard Wealth Management LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $32,000. Finally, Stephenson National Bank & Trust bought a new stake in Fiserv during the 4th quarter valued at approximately $36,000. Institutional investors own 92.62% of the company’s stock.
Several brokerages recently weighed in on FISV. Royal Bank of Canada increased their target price on Fiserv from $113.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Oppenheimer began coverage on Fiserv in a research note on Thursday, May 7th. They set a “buy” rating and a $140.00 target price for the company. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Deutsche Bank decreased their target price on Fiserv from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Credit Suisse Group increased their target price on Fiserv from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Fiserv has an average rating of “Buy” and an average price target of $120.39.
In other news, CEO Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $93.57, for a total value of $1,871,400.00. Following the completion of the sale, the chief executive officer now directly owns 385,537 shares of the company’s stock, valued at approximately $36,074,697.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffery W. Yabuki sold 300,000 shares of Fiserv stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $104.78, for a total value of $31,434,000.00. Following the completion of the sale, the chief executive officer now directly owns 357,023 shares of the company’s stock, valued at $37,408,869.94. The disclosure for this sale can be found here. Insiders sold a total of 330,000 shares of company stock valued at $34,308,400 over the last three months. Insiders own 1.60% of the company’s stock.
Shares of FISV opened at $103.93 on Friday. Fiserv Inc has a 1 year low of $73.50 and a 1 year high of $125.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $98.55 and a 200-day simple moving average of $109.12. The stock has a market cap of $69.35 billion, a PE ratio of 57.10, a PEG ratio of 1.83 and a beta of 0.84.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.99. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm posted $0.84 EPS. The business’s revenue was up 150.9% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv Inc will post 4.36 EPS for the current fiscal year.
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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