Holdings L.P. Valueact Purchases 291,659 Shares of Fiserv, Inc. (NASDAQ:FISV) Stock

Fiserv, Inc. (NASDAQ:FISV – Get Rating) Director Holdings L.P. Valueact bought 291,659 shares of the stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $89.65 per share, for a total transaction of $26,147,229.35. Following the completion of the purchase, the director now owns 14,439,435 shares of the company’s stock, valued at $1,294,495,347.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Holdings L.P. Valueact also recently made the following trade(s):
- On Friday, June 10th, Holdings L.P. Valueact bought 500,000 shares of Fiserv stock. The stock was purchased at an average price of $94.18 per share, for a total transaction of $47,090,000.00.
- On Monday, May 9th, Holdings L.P. Valueact bought 432,950 shares of Fiserv stock. The stock was purchased at an average price of $94.11 per share, for a total transaction of $40,744,924.50.
- On Friday, May 6th, Holdings L.P. Valueact bought 67,050 shares of Fiserv stock. The stock was purchased at an average price of $94.96 per share, for a total transaction of $6,367,068.00.
- On Monday, May 2nd, Holdings L.P. Valueact acquired 112,575 shares of Fiserv stock. The shares were bought at an average price of $94.90 per share, for a total transaction of $10,683,367.50.
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Shares of Fiserv stock traded up $0.27 on Tuesday, hitting $89.89. 3,097,505 shares of the company traded hands, compared to its average volume of 3,563,995. The stock’s 50 day moving average price is $98.47 and its 200-day moving average price is $100.56. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. Fiserv, Inc. has a 52 week low of $88.97 and a 52 week high of $119.86. The company has a market cap of $58.61 billion, a PE ratio of 35.11, a PEG ratio of 1.09 and a beta of 0.79.
Fiserv (NASDAQ:FISV – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The business services provider reported $1.40 earnings per share 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 firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. As a group, research analysts anticipate that Fiserv, Inc. will post 6.48 EPS for the current fiscal year.
A number of research firms recently issued reports on FISV. StockNews.com started coverage on Fiserv in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company started coverage on Fiserv in a research note on Monday, April 4th. They issued an “overweight” rating and a $122.00 target price on the stock. The Goldman Sachs Group began coverage on Fiserv in a research note on Tuesday, May 17th. They issued a “neutral” rating and a $108.00 target price on the stock. Mizuho cut their price objective on Fiserv from $155.00 to $140.00 in a report on Monday, February 14th. Finally, Tigress Financial upped their price objective on Fiserv from $150.00 to $152.00 in a report on Friday, May 27th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Buy” and a consensus target price of $126.54.
Several institutional investors have recently bought and sold shares of FISV. Riverview Trust Co bought a new position in Fiserv in the first quarter worth approximately $29,000. Capital Advisors Ltd. LLC bought a new position in Fiserv in the fourth quarter worth approximately $30,000. Advocacy Wealth Management Services LLC raised its stake in Fiserv by 100.0% in the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock worth $30,000 after buying an additional 147 shares in the last quarter. Parkside Investments LLC bought a new position in Fiserv in the first quarter worth approximately $30,000. Finally, Trust Co. of Vermont bought a new position in Fiserv in the fourth quarter worth approximately $31,000. 97.24% of the stock is owned by hedge funds and other institutional investors.
About Fiserv (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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