Bank of New York Mellon Corp acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,511,244 shares of the business services provider's stock, valued at approximately $123,177,000. Bank of New York Mellon Corp owned approximately 0.47% of Fiserv as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in FISV. Stonebridge Capital Advisors LLC boosted its position in shares of Fiserv by 2.3% in the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider's stock worth $744,000 after buying an additional 98 shares during the period. Bison Wealth LLC grew its holdings in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after buying an additional 116 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Fiserv by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider's stock valued at $303,000 after buying an additional 195 shares during the period. SkyView Investment Advisors LLC lifted its stake in Fiserv by 2.9% in the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider's stock worth $474,000 after acquiring an additional 198 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Fiserv by 10.4% in the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider's stock worth $128,000 after acquiring an additional 215 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.
Fiserv Stock Performance
NASDAQ:FISV opened at $52.58 on Monday. The company has a market capitalization of $27.96 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.95 and a beta of 0.80. The stock's 50 day moving average price is $51.33 and its 200 day moving average price is $55.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.09.
Fiserv (NASDAQ:FISV - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company's revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Morgan Stanley set a $59.00 price objective on Fiserv in a research report on Friday, August 7th. UBS Group set a $60.00 target price on Fiserv and gave the company a "neutral" rating in a report on Friday, August 7th. Royal Bank Of Canada reissued an "outperform" rating and issued a $65.00 price target (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. The Goldman Sachs Group restated a "neutral" rating and set a $54.00 price target on shares of Fiserv in a report on Friday, August 7th. Finally, Barclays set a $52.00 price objective on shares of Fiserv and gave the company an "equal weight" rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, Fiserv presently has a consensus rating of "Hold" and an average price target of $74.20.
Check Out Our Latest Stock Analysis on Fiserv
Insiders Place Their Bets
In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares of the company's stock, valued at $9,150,117.90. This represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is currently owned by company insiders.
About Fiserv
(
Free Report)
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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