Fiserv, Inc. (NASDAQ:FISV) Director Holdings L.P. Valueact Buys 67,050 Shares

Fiserv, Inc. (NASDAQ:FISV – Get Rating) Director Holdings L.P. Valueact acquired 67,050 shares of Fiserv stock in a transaction on Friday, May 6th. The shares were purchased at an average cost of $94.96 per share, with a total value of $6,367,068.00. Following the completion of the acquisition, the director now owns 13,214,826 shares of the company’s stock, valued at approximately $1,254,879,876.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Holdings L.P. Valueact also recently made the following trade(s):

• On Monday, May 9th, Holdings L.P. Valueact acquired 432,950 shares of Fiserv stock. The shares were purchased at an average cost of $94.11 per share, with a total value of $40,744,924.50.
• On Monday, May 2nd, Holdings L.P. Valueact acquired 112,575 shares of Fiserv stock. The shares were purchased at an average cost of $94.90 per share, with a total value of $10,683,367.50.

NASDAQ FISV opened at $92.78 on Wednesday. The stock’s 50-day simple moving average is $99.15 and its two-hundred day simple moving average is $101.12. Fiserv, Inc. has a twelve month low of $89.91 and a twelve month high of $119.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $60.50 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.10 and a beta of 0.79.

Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The business services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post 6.48 earnings per share for the current fiscal year.

Several brokerages have weighed in on FISV. Morgan Stanley reduced their price objective on Fiserv from $117.00 to $114.00 and set an “equal weight” rating for the company in a report on Wednesday, February 9th. StockNews.com started coverage on Fiserv in a report on Thursday, March 31st. They issued a “hold” rating for the company. Cowen lowered Fiserv from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $144.00 to $126.00 in a report on Tuesday, April 12th. Cowen lowered Fiserv from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $144.00 to $126.00 in a report on Tuesday, April 12th. Finally, Jefferies Financial Group lowered Fiserv from a “buy” rating to a “hold” rating and cut their price target for the stock from $120.00 to $115.00 in a report on Wednesday, January 12th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Buy” and a consensus price target of $126.96.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox raised its position in Fiserv by 38.8% during the fourth quarter. Dodge & Cox now owns 35,432,277 shares of the business services provider’s stock valued at $3,677,516,000 after purchasing an additional 9,901,409 shares in the last quarter. State Street Corp raised its position in Fiserv by 3.5% during the fourth quarter. State Street Corp now owns 24,070,923 shares of the business services provider’s stock valued at $2,498,321,000 after purchasing an additional 820,147 shares in the last quarter. ValueAct Holdings L.P. increased its holdings in shares of Fiserv by 19.2% in the fourth quarter. ValueAct Holdings L.P. now owns 13,035,201 shares of the business services provider’s stock worth $1,352,924,000 after buying an additional 2,100,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of Fiserv by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 10,654,469 shares of the business services provider’s stock worth $1,102,968,000 after buying an additional 512,954 shares during the period. Finally, Veritas Asset Management LLP increased its holdings in shares of Fiserv by 27.2% in the first quarter. Veritas Asset Management LLP now owns 10,021,216 shares of the business services provider’s stock worth $1,016,151,000 after buying an additional 2,144,100 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.

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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