NEXT Financial Group Inc Has $630,000 Stock Position in Fiserv Inc (NASDAQ:FISV)
NEXT Financial Group Inc decreased its stake in shares of Fiserv Inc (NASDAQ:FISV) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,452 shares of the business services provider’s stock after selling 968 shares during the period. NEXT Financial Group Inc’s holdings in Fiserv were worth $630,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in Fiserv during the 3rd quarter worth about $11,438,995,000. BlackRock Inc. lifted its position in Fiserv by 2.8% during the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock worth $2,961,594,000 after buying an additional 883,535 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Fiserv by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,949,480 shares of the business services provider’s stock worth $2,791,697,000 after buying an additional 1,445,676 shares in the last quarter. State Street Corp lifted its position in Fiserv by 44.0% during the 3rd quarter. State Street Corp now owns 23,673,283 shares of the business services provider’s stock valued at $2,452,315,000 after purchasing an additional 7,234,231 shares during the period. Finally, Voya Investment Management LLC lifted its position in Fiserv by 11.5% during the 3rd quarter. Voya Investment Management LLC now owns 4,259,772 shares of the business services provider’s stock valued at $441,270,000 after purchasing an additional 439,268 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.
In related news, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $118.58, for a total transaction of $2,964,500.00. Following the completion of the sale, the chief executive officer now directly owns 443,233 shares of the company’s stock, valued at approximately $52,558,569.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Devin Mcgranahan sold 3,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $116.12, for a total value of $406,420.00. Following the sale, the executive vice president now directly owns 62,998 shares of the company’s stock, valued at $7,315,327.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,500 shares of company stock valued at $19,741,890. 1.40% of the stock is currently owned by company insiders.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. Fiserv’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. As a group, research analysts anticipate that Fiserv Inc will post 4.01 earnings per share for the current year.
FISV has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Monday, November 11th. Oppenheimer upped their target price on shares of Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. ValuEngine downgraded shares of Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. SunTrust Banks upped their target price on shares of Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Citigroup upped their target price on shares of Fiserv from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company. Fiserv has an average rating of “Buy” and a consensus price target of $113.02.
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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