Great Lakes Advisors LLC cut its stake in Fiserv, Inc. (NYSE:FI – Free Report) by 83.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,605 shares of the business services provider’s stock after selling 91,697 shares during the period. Great Lakes Advisors LLC’s holdings in Fiserv were worth $1,990,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in Fiserv by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,232,748 shares of the business services provider’s stock worth $5,380,233,000 after purchasing an additional 4,926,365 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fiserv by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 12,272,065 shares of the business services provider’s stock valued at $1,238,086,000 after acquiring an additional 90,190 shares during the period. Morgan Stanley lifted its stake in Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after acquiring an additional 5,666,145 shares during the period. Norges Bank acquired a new stake in Fiserv during the 4th quarter valued at approximately $547,079,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Fiserv by 106.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,847,837 shares of the business services provider’s stock valued at $489,971,000 after acquiring an additional 2,494,196 shares during the period. 88.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Fiserv
In other news, COO Guy Chiarello sold 6,750 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $125.75, for a total transaction of $848,812.50. Following the completion of the sale, the chief operating officer now owns 173,856 shares of the company’s stock, valued at $21,862,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 21,500 shares of company stock valued at $2,586,528 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Report on Fiserv
Fiserv Price Performance
Shares of NYSE FI opened at $120.08 on Monday. The firm has a market cap of $73.20 billion, a PE ratio of 30.25, a PEG ratio of 1.24 and a beta of 0.88. The firm has a fifty day moving average of $124.44 and a 200 day moving average of $118.40. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv, Inc. has a one year low of $91.55 and a one year high of $130.74.
Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.81 EPS for the quarter, hitting the consensus estimate of $1.81. Fiserv had a net margin of 13.60% and a return on equity of 14.15%. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.54 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Fiserv, Inc. will post 7.44 EPS for the current fiscal year.
About Fiserv
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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