Sadoff Investment Management LLC decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,526 shares of the business services provider’s stock after selling 500 shares during the quarter. Sadoff Investment Management LLC’s holdings in Fiserv were worth $842,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in FISV. Chicago Partners Investment Group LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth approximately $104,000. Parallel Advisors LLC lifted its stake in Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in Fiserv in the 2nd quarter valued at approximately $122,000. Sun Life Financial INC lifted its stake in Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares in the last quarter. Finally, Pegasus Partners Ltd. purchased a new stake in Fiserv in the 2nd quarter valued at approximately $200,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.
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In other news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the sale, the insider now owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,124 shares of company stock valued at $7,133,943. Insiders own 1.80% of the company’s stock.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded down $0.08 on Monday, reaching $128.31. The company’s stock had a trading volume of 238,335 shares, compared to its average volume of 866,464. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $26,760.00, a P/E ratio of 26.36, a PEG ratio of 2.20 and a beta of 0.82. Fiserv, Inc. has a 52 week low of $102.51 and a 52 week high of $130.20.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share. research analysts anticipate that Fiserv, Inc. will post 5.08 earnings per share for the current year.
A number of research firms recently issued reports on FISV. BMO Capital Markets upped their target price on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 target price (up previously from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $130.41.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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