Industrial Alliance Investment Management Inc. Purchases Shares of 4,308 Fiserv, Inc. (NASDAQ:FISV)

Industrial Alliance Investment Management Inc. purchased a new stake in Fiserv, Inc. (NASDAQ:FISVGet Rating) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,308 shares of the business services provider’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FISV. ValueAct Holdings L.P. increased its holdings in Fiserv by 77.5% in the 3rd quarter. ValueAct Holdings L.P. now owns 10,935,201 shares of the business services provider’s stock valued at $1,186,469,000 after acquiring an additional 4,775,001 shares during the last quarter. Franklin Resources Inc. increased its holdings in Fiserv by 1,518.8% in the 3rd quarter. Franklin Resources Inc. now owns 2,251,488 shares of the business services provider’s stock valued at $244,287,000 after acquiring an additional 2,112,402 shares during the last quarter. Parnassus Investments LLC increased its holdings in Fiserv by 21.5% in the 3rd quarter. Parnassus Investments LLC now owns 9,174,316 shares of the business services provider’s stock valued at $995,413,000 after acquiring an additional 1,624,876 shares during the last quarter. Marathon Asset Mgmt Ltd bought a new stake in Fiserv in the 4th quarter valued at $157,321,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Fiserv in the 4th quarter valued at $136,695,000. Institutional investors own 97.24% of the company’s stock.

Fiserv stock traded down $0.61 during trading hours on Thursday, hitting $91.97. The company had a trading volume of 89,425 shares, compared to its average volume of 3,771,085. The firm has a market cap of $59.97 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 1 year low of $89.91 and a 1 year high of $119.86. The company has a 50-day moving average price of $99.03 and a two-hundred day moving average price of $101.06.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fiserv had a net margin of 10.23% and a return on equity of 12.05%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the company earned $1.17 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Fiserv, Inc. will post 6.48 EPS for the current year.

In other news, Director Holdings L.P. Valueact acquired 67,050 shares of Fiserv stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average price of $94.96 per share, for a total transaction of $6,367,068.00. Following the purchase, the director now directly owns 13,214,826 shares in the company, valued at approximately $1,254,879,876.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 43,000 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $104.31, for a total transaction of $4,485,330.00. Following the transaction, the chief operating officer now owns 216,864 shares of the company’s stock, valued at approximately $22,621,083.84. The disclosure for this sale can be found here. Insiders bought a total of 612,575 shares of company stock valued at $57,795,360 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

A number of analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Fiserv in a report on Monday, May 2nd. They issued a “buy” rating and a $125.00 target price on the stock. Tigress Financial boosted their target price on shares of Fiserv from $148.00 to $150.00 in a report on Friday, January 14th. Wells Fargo & Company assumed coverage on shares of Fiserv in a report on Monday, April 4th. They issued an “overweight” rating and a $122.00 target price on the stock. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, March 9th. Finally, Stephens assumed coverage on shares of Fiserv in a report on Wednesday, April 6th. They issued an “equal weight” rating and a $110.00 target price on the stock. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $126.96.

Fiserv Company Profile (Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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