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Valueact Holdings L.P. sells 675,014 shares of Fiserv, Inc. (NASDAQ:FISV) stock.

Valueact Holdings L.P. sells 675,014 shares of Fiserv, Inc. (NASDAQ:FISV) stock.

Six hundred seventy-five thousand and fourteen of the company’s shares were sold on January 6 by Fiserv, Inc., Director Holdings L.P., and ValueAct. FISV is the ticker symbol used when trading Fiserv shares. The price of each share was calculated to be $101.51 on average after the sale, which brought in a total of 68,520,671.14 dollars. As a direct result of the transaction, the director now owns 11,647,776 shares of the company’s stock. Considering their current market value, these shares are worth $1,182,365,741.76. If you click on this link, you will be taken to the filing submitted to the Securities and Exchange Commission and where the transaction was discussed.
ValueAct Holdings L.P. has recently engaged in the following transaction(s):
The price of FISV increased by $2.78 throughout the trading session on Friday, and it finished the day at $102.18. The volume of shares traded in the company’s stock was 3,040,949, which is lower than the company’s daily volume average of 3,257,187 shares. The company has a market capitalization of $64.89 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.10, and a beta coefficient of 0.87. All of these metrics indicate that the company is a relatively stable investment. In addition, a debt-to-equity ratio of 0.67, a quick ratio of 1.06, a current ratio of 1.06, and a quick ratio of 1.06 are all present. Fiserv, Inc. reached a one-year high of $110.99 and a one-year low of $87.03 during the period covered by this report (both prices in U.S. dollars). The company’s simple moving average for the past 50 days is $100.61, and the company’s simple moving average for the past 200 days is also $100.08, respectively.
On October 27, Fiserv’s most recent earnings report (NASDAQ: FISV) was made available to the public. The company announced earnings for the quarter of $1.63 per share, which came in $0.07 lower than the average estimate of $1.70 per share. The actual figure for the company’s quarterly revenue was $4.27 billion, in contrast to the $4.27 billion forecasted for the company’s quarterly revenue by industry analysts. In addition, Fiserv achieved a return on equity of 12.74% and a net margin of 11.98% over the year. As a result, the equity market analysts forecast that Fiserv, Inc. will generate earnings of $6.49 per share for the current fiscal year.
During the most recent few months, several significant investors have shifted the weighting of their holdings in FISV. During the second quarter, Peddock Capital Advisors LLC increased the percentage of Fiserv stock that it held by 0.4%. After purchasing an additional 97 shares during the most recent quarter, Peddock Capital Advisors LLC has 26,458 shares of the business services provider’s stock, equivalent to a value of $2,354,000. During the second quarter, Kinneret Advisory LLC increased the proportion of Fiserv shares it owned by 2.2%. After making an additional purchase of 98 shares during the most recent quarter, Kinneret Advisory LLC now holds 4,651 shares in its portfolio. The total value of the holdings that Kinneret Advisory LLC has made in this company’s stock comes to $414,000 (after dividends). During the second quarter, Cadence Bank achieved a 0.6 percentage point increase in its ownership of Fiserv. After purchasing 98 additional shares during the most recent quarter, Cadence Bank now directly owns 16,061 shares of the business services provider’s stock, which have a value of $1,429,000. Beta Wealth Group Inc. raised its stake in Fiserv by one percentage point to three percent during the second quarter. Beta Wealth Group Inc. currently holds 3,400 shares of the business services provider’s stock after purchasing an additional 100 shares during the most recent quarter. Based on the current share price, this gives the company a value of approximately $302,000. And finally, but certainly not least, Smith, Moore & Co. increased the percentage of its ownership in Fiserv by 2.4% during the second quarter. After making an additional purchase of 100 shares during the most recent quarter, Smith, Moore & Co. is now the owner of 4,232 shares, giving the company a market valuation of $377,000. Institutions own the company’s stock 88.79% of the time, making them the most common shareholders.
FISV shares have been receiving a lot of attention as of late from a variety of different equity research analysts. In a research report that was made public on October 18, Raymond James lowered its target price for Fiserv from $117.00 to $109.00. The report was about the company’s stock. Additionally, an “outperform” rating was given to the stock of the company by an analyst working for Raymond James. In a report on Friday, October 28, Wells Fargo & Company lowered their target price on Fiserv shares from $107.00 to $106.00. The previous target price was $107.00. Despite this modification, the brokerage firm continued to advise “equal weight” regarding the company. On Friday, October 28, Citigroup released a research note stating that they lowered their price target for Fiserv shares from $120.00 to $115.00. This information was included in the note. Finally, Atlantic Securities lowered its rating on Fiserv from “overweight” to “neutral” in a report made public by the company on Wednesday, October 12. Atlantic Securities released the report. In addition, they lowered the price target they had set for the stock from $130.00 to $105.00. Mizuho assigned a “buy” rating to the company in a research report that was made public on Monday, December 12. At the same time, the firm decreased its price objective on Fiserv from $145.00 to $135.00. The report contains this information as part of its entirety. Eight research analysts gave the company a buy recommendation, while ten maintained their “hold” rating for the stock. According to the data made available by Bloomberg, the current recommendation for the company is “Hold,” and market analysts anticipate its price will reach $120.60 in the not-too-distant future.
The financial and payment technology that Fiserv, Inc. provides and its subsidiaries can be found in several different countries around the world. The company is active in the acceptance technology sector, the financial technology sector, and the payments sector. Acceptance is a provider of mobile payment services, security and fraud protection tools, an omnichannel commerce solution referred to as Carat, a cloud-based point-of-sale and business management platform called Clover, and an independent software vendor platform referred to as Clover Connect. Acceptance was founded in 2010. In addition to that, it provides services that are associated with digital commerce as well as the acquisition of point-of-sale merchants.


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