Meiji Yasuda Life Insurance Co Sells 4,512 Shares of Fiserv Inc (NASDAQ:FISV)

Meiji Yasuda Life Insurance Co cut its position in shares of Fiserv Inc (NASDAQ:FISV) by 17.7% during the 1st quarter, Holdings Channel reports. The firm owned 21,048 shares of the business services provider’s stock after selling 4,512 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Fiserv were worth $1,858,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. LMR Partners LLP purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $267,000. CHICAGO TRUST Co NA lifted its stake in shares of Fiserv by 6.7% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 600 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $800,000. Hoylecohen LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $205,000. Finally, Sandy Spring Bank lifted its stake in shares of Fiserv by 5.8% in the 4th quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock valued at $200,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 87.39% of the company’s stock.

Shares of Fiserv stock traded down $2.10 on Tuesday, reaching $88.48. The company’s stock had a trading volume of 85,981 shares, compared to its average volume of 3,400,338. The firm has a market cap of $35.55 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.17 and a beta of 0.78. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. Fiserv’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv Inc will post 3.45 EPS for the current fiscal year.

FISV has been the subject of a number of research analyst reports. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Keefe, Bruyette & Woods started coverage on Fiserv in a research report on Monday, April 8th. They set a “market perform” rating and a $101.00 price objective for the company. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Deutsche Bank raised their price objective on Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company’s stock. Fiserv currently has an average rating of “Buy” and an average target price of $90.60.

In related news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total transaction of $177,900.00. Following the transaction, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the transaction, the chief executive officer now owns 391,146 shares in the company, valued at $33,329,550.66. The disclosure for this sale can be found here. Insiders have sold 102,904 shares of company stock worth $8,738,657 over the last quarter. 1.40% of the stock is owned by company insiders.

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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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