American Century Companies Inc. Has $84.41 Million Position in Fiserv Inc (NASDAQ:FISV)

American Century Companies Inc. reduced its holdings in Fiserv Inc (NASDAQ:FISV) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,024,676 shares of the business services provider’s stock after selling 221,539 shares during the quarter. American Century Companies Inc. owned about 0.25% of Fiserv worth $84,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Stockton boosted its position in Fiserv by 4.5% in the third quarter. Bank of Stockton now owns 15,268 shares of the business services provider’s stock worth $1,257,000 after purchasing an additional 655 shares during the last quarter. Arrow Financial Corp boosted its position in Fiserv by 15.3% in the third quarter. Arrow Financial Corp now owns 4,935 shares of the business services provider’s stock worth $407,000 after purchasing an additional 655 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Fiserv by 0.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 74,606 shares of the business services provider’s stock worth $6,146,000 after purchasing an additional 702 shares during the last quarter. BancorpSouth Bank boosted its position in Fiserv by 4.5% in the third quarter. BancorpSouth Bank now owns 16,914 shares of the business services provider’s stock worth $1,393,000 after purchasing an additional 732 shares during the last quarter. Finally, Nicollet Investment Management Inc. boosted its position in Fiserv by 2.3% in the second quarter. Nicollet Investment Management Inc. now owns 33,600 shares of the business services provider’s stock worth $2,489,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.

NASDAQ FISV traded up $0.54 during trading on Monday, reaching $79.67. The company’s stock had a trading volume of 2,151,400 shares, compared to its average volume of 1,937,960. The firm has a market capitalization of $31.53 billion, a P/E ratio of 31.12, a P/E/G ratio of 2.20 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81. Fiserv Inc has a one year low of $62.76 and a one year high of $82.79.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, October 31st. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion. Fiserv had a return on equity of 44.31% and a net margin of 25.00%. Fiserv’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. As a group, research analysts anticipate that Fiserv Inc will post 3.13 EPS for the current fiscal year.

Several research firms have weighed in on FISV. Barclays began coverage on Fiserv in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $95.00 price objective on the stock. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 8th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Credit Suisse Group upped their price target on Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, October 15th. Finally, Robert W. Baird upped their price target on Fiserv from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $80.57.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $76.94, for a total value of $3,847,000.00. Following the transaction, the insider now directly owns 471,157 shares in the company, valued at approximately $36,250,819.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 150,000 shares of company stock worth $11,779,000 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “American Century Companies Inc. Has $84.41 Million Position in Fiserv Inc (NASDAQ:FISV)” was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.baseballdailydigest.com/news/2018/12/03/american-century-companies-inc-reduces-stake-in-fiserv-inc-fisv.html.

About Fiserv

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; 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.

Featured Article: Penny Stocks

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply