Findlay Park Partners LLP Has $109.01 Million Stock Holdings in Fiserv, Inc. (NASDAQ:FISV)

Findlay Park Partners LLP cut its holdings in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,078,548 shares of the business services provider’s stock after selling 95,216 shares during the quarter. Findlay Park Partners LLP’s holdings in Fiserv were worth $109,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FISV. Vanguard Group Inc. grew its position in shares of Fiserv by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 50,207,943 shares of the business services provider’s stock worth $4,697,958,000 after buying an additional 2,180,811 shares during the period. BlackRock Inc. grew its position in shares of Fiserv by 5.1% during the 3rd quarter. BlackRock Inc. now owns 42,445,989 shares of the business services provider’s stock worth $3,971,669,000 after buying an additional 2,057,081 shares during the period. State Street Corp grew its position in shares of Fiserv by 7.7% in the 3rd quarter. State Street Corp now owns 24,848,246 shares of the business services provider’s stock valued at $2,325,050,000 after purchasing an additional 1,774,528 shares during the period. Bessemer Group Inc. grew its position in shares of Fiserv by 8,689.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,752,823 shares of the business services provider’s stock valued at $164,013,000 after purchasing an additional 1,732,881 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Fiserv by 3.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 48,306,383 shares of the business services provider’s stock valued at $4,520,234,000 after purchasing an additional 1,406,050 shares during the period. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

FISV opened at $118.27 on Wednesday. The firm has a market cap of $74.29 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.85. Fiserv, Inc. has a 52-week low of $87.03 and a 52-week high of $122.39. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.08. The business’s fifty day moving average is $115.92 and its 200-day moving average is $109.27.

Fiserv (NASDAQ:FISVGet Rating) last announced its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.02. Fiserv had a return on equity of 13.68% and a net margin of 13.36%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.17 billion. During the same period in the prior year, the company earned $1.40 EPS. Fiserv’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 7.36 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share buyback plan on Thursday, February 23rd that permits the company to repurchase 75,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $114.74, for a total transaction of $917,920.00. Following the completion of the sale, the chief operating officer now directly owns 211,356 shares in the company, valued at approximately $24,250,987.44. The sale was disclosed in a filing with the SEC, which is available through this link. In other Fiserv news, CFO Robert W. Hau sold 8,500 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $119.33, for a total value of $1,014,305.00. Following the completion of the transaction, the chief financial officer now directly owns 133,491 shares in the company, valued at $15,929,481.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $114.74, for a total value of $917,920.00. Following the sale, the chief operating officer now directly owns 211,356 shares of the company’s stock, valued at approximately $24,250,987.44. The disclosure for this sale can be found here. Insiders sold a total of 33,500 shares of company stock worth $3,904,745 in the last ninety days. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FISV has been the subject of several research analyst reports. Raymond James boosted their price objective on Fiserv from $109.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Stephens boosted their price objective on Fiserv from $120.00 to $125.00 in a research report on Wednesday, April 26th. Barclays boosted their target price on Fiserv from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 11th. Wells Fargo & Company boosted their target price on Fiserv from $101.00 to $104.00 and gave the company an “underweight” rating in a research note on Wednesday, February 8th. Finally, Credit Suisse Group boosted their target price on Fiserv from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.16.

Fiserv Company Profile

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Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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