Oakbrook Investments LLC Acquires New Stake in Fiserv Inc (NASDAQ:FISV)

Oakbrook Investments LLC bought a new position in shares of Fiserv Inc (NASDAQ:FISV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,950 shares of the business services provider’s stock, valued at approximately $1,849,000.

Several other institutional investors have also modified their holdings of FISV. BlackRock Inc. raised its stake in Fiserv by 2.9% during the fourth quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after purchasing an additional 898,122 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Fiserv by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after purchasing an additional 845,558 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Fiserv by 7,194.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after purchasing an additional 10,203,585 shares during the period. Geode Capital Management LLC raised its stake in Fiserv by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after purchasing an additional 469,507 shares during the period. Finally, Northern Trust Corp raised its stake in Fiserv by 3.0% during the fourth quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock worth $393,915,000 after purchasing an additional 154,269 shares during the period. 89.31% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Kim M. Robak sold 10,904 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $87.01, for a total value of $948,757.04. Following the sale, the director now directly owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the sale, the chief executive officer now directly owns 391,146 shares in the company, valued at $33,329,550.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,912 shares of company stock valued at $13,389,571. 1.40% of the stock is owned by insiders.

FISV has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods assumed coverage on shares of Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price objective for the company. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Cantor Fitzgerald restated a “hold” rating and issued a $73.00 price objective on shares of Fiserv in a report on Wednesday, January 16th. Finally, Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $74.50 to $88.00 in a report on Friday, January 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $88.57.

Shares of Fiserv stock opened at $85.23 on Friday. Fiserv Inc has a 12-month low of $68.45 and a 12-month high of $91.19. The firm has a market capitalization of $33.24 billion, a PE ratio of 27.49, a P/E/G ratio of 2.04 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. Fiserv’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that Fiserv Inc will post 3.45 earnings per share for the current year.

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Fiserv Company Profile

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; Internet and 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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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