O Shaughnessy Asset Management LLC Has $2.02 Million Stock Holdings in Fiserv, Inc. (NASDAQ:FISV)

O Shaughnessy Asset Management LLC lessened its position in shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,023 shares of the business services provider’s stock after selling 542 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Fiserv were worth $2,024,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FISV. Vanguard Group Inc. increased its holdings in shares of Fiserv by 4.5% in the third quarter. Vanguard Group Inc. now owns 50,207,943 shares of the business services provider’s stock worth $4,697,958,000 after acquiring an additional 2,180,811 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Fiserv by 5.1% during the third 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 in the last quarter. State Street Corp grew its holdings in shares of Fiserv by 7.7% during the third quarter. State Street Corp now owns 24,848,246 shares of the business services provider’s stock worth $2,325,050,000 after buying an additional 1,774,528 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Fiserv by 8,689.6% during the third quarter. Bessemer Group Inc. now owns 1,752,823 shares of the business services provider’s stock worth $164,013,000 after buying an additional 1,732,881 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Fiserv by 3.0% during the third quarter. Price T Rowe Associates Inc. MD now owns 48,306,383 shares of the business services provider’s stock worth $4,520,234,000 after buying an additional 1,406,050 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.

Analysts Set New Price Targets

FISV has been the subject of a number of research reports. Stephens increased their price objective on Fiserv from $120.00 to $125.00 in a report on Wednesday, April 26th. Citigroup raised their price target on Fiserv from $135.00 to $140.00 in a research note on Wednesday, April 26th. Wells Fargo & Company raised their price target on Fiserv from $101.00 to $104.00 and gave the company an “underweight” rating in a research note on Wednesday, February 8th. Susquehanna raised their price target on Fiserv from $135.00 to $140.00 and gave the company a “positive” rating in a research note on Wednesday, February 8th. Finally, Robert W. Baird raised their price target on Fiserv from $138.00 to $145.00 in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.16.

Insiders Place Their Bets

In other Fiserv news, CRO Christopher M. Foskett sold 9,000 shares of the firm’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $111.00, for a total transaction of $999,000.00. Following the transaction, the executive now owns 97,665 shares in the company, valued at approximately $10,840,815. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Guy Chiarello sold 8,000 shares of Fiserv stock in a transaction on Monday, May 1st. The stock was sold at an average price of $121.69, for a total value of $973,520.00. Following the transaction, the chief operating officer now owns 195,356 shares in the company, valued at approximately $23,772,871.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher M. Foskett sold 9,000 shares of the business’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $111.00, for a total value of $999,000.00. Following the sale, the executive now owns 97,665 shares in the company, valued at approximately $10,840,815. The disclosure for this sale can be found here. Insiders have sold a total of 33,500 shares of company stock worth $3,904,745 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $112.81 on Friday. The stock has a market cap of $70.86 billion, a P/E ratio of 29.77, a PEG ratio of 1.28 and a beta of 0.85. The stock has a 50 day simple moving average of $116.13 and a 200 day simple moving average of $109.35. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $122.39.

Fiserv (NASDAQ:FISV – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. Fiserv had a return on equity of 13.68% and a net margin of 13.36%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.17 billion. During the same quarter last year, the company earned $1.40 EPS. The company’s revenue was up 9.9% on a year-over-year basis. Research analysts anticipate that Fiserv, Inc. will post 7.36 earnings per share for the current year.

Fiserv announced that its Board of Directors has authorized a share repurchase program on Thursday, February 23rd that permits the company to buyback 75,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.