Investec Asset Management Ltd Sold A Little More Fiserv, Inc. (FISV) Stock


Fiserv, Inc. (NASDAQ:FISV).

Investec Asset Management Ltd reports that it decreased its position in Fiserv, Inc. shares by 7,898 shares in the last quarter. Its stake was valued at $104,486,000 an increase of $5,094,000 as of the end of the quarter.

Here are a few additional firms who have increased or decreased their stake in (FISV). As of quarter end Amalgamated Bank had bought a total of 8,286 shares growing its holdings by 49.5%. The value of the investment in (FISV) went from $1,929,000 to $3,060,000 a change of 58.6% quarter to quarter. As of the end of the quarter Investec Asset Management North America, Inc. had acquired 847 shares growing its stake by 7.0%. The value of the company’s investment in Fiserv, Inc. increased from $1,391,000 to $1,580,000 a change of $189,000 since the last quarter.

As of the end of the quarter Alliancebernstein L.P. had acquired 232,005 shares growing its position 7.0%. The value of the total investment in Fiserv, Inc. went from $380,004,000 to $431,555,000 increasing 13.6% quarter over quarter.

On August 2 Credit Suisse maintained a company rating of “Neutral” but moved up the price target from $100.00 to $126.00. August 2 investment analysts at Barclays maintained a stock rating of “Neutral” but raised the price expectation to $126.00 from $100.00.

On August 1 BMO Capital kept the company rating at “Market Perform” and raised the price target to $133.00 from $77.00. On July 17 the stock rating was upgraded from “” to “Buy” in a statement from Guggenheim.

The company is so far trading down by -0.66 percent from yesterday’s close. Shares of the company are trading at $122.49 which is a tad under the 50 day moving average of $124.36 and which is marginally higher than the 200 day moving average of $118.93. The 50 day moving average went down $-1.87 or -1.50% whereas the 200 day average was up by +2.99%.

Fiserv, Inc.’s P/E ratio is 29.99 and the market cap is 25.78B. In the latest earnings report the EPS was $4.09 and is expected to be $5.10 for the current year with 210,465,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.36 and the next full year EPS is anticipated to be $5.78.