Fiserv, Inc. (FISV) Shares Sold by Accident Compensation Corp
Accident Compensation Corp lowered its stake in Fiserv, Inc. (NASDAQ:FISV) by 33.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,495 shares of the business services provider’s stock after selling 2,705 shares during the period. Accident Compensation Corp’s holdings in Fiserv were worth $709,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC raised its holdings in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Fiserv during the second quarter worth $122,000. Sun Life Financial INC raised its holdings in shares of Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the last quarter. Pegasus Partners Ltd. purchased a new position in shares of Fiserv during the second quarter worth $200,000. Finally, Tdam USA Inc. purchased a new position in shares of Fiserv during the second quarter worth $201,000. 88.62% of the stock is owned by institutional investors and hedge funds.
In other news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the sale, the insider now owns 330,835 shares in the company, valued at approximately $41,533,025.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,124 shares of company stock worth $5,316,303. 1.80% of the stock is owned by company insiders.
FISV has been the subject of several recent research reports. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird reissued an “outperform” rating and set a $146.00 target price (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Cowen reissued a “hold” rating and set a $115.00 target price on shares of Fiserv in a report on Thursday, October 12th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $130.41.
Shares of Fiserv, Inc. (FISV) opened at $130.56 on Thursday. The company has a market cap of $27,275.31, a price-to-earnings ratio of 26.88, a P/E/G ratio of 2.24 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a 52-week low of $102.60 and a 52-week high of $133.11.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion for 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 firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS. equities analysts expect that Fiserv, Inc. will post 5.08 EPS for the current year.
Fiserv Company Profile
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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