River Road Asset Management Lowered Its Premier Class A (PINC) Stake by $2.66 Million; Wendell David Associates Raised Position in Fiserv (FISV)

June 13, 2018 - By Marguerite Chambers

Fiserv, Inc. (NASDAQ:FISV) Logo

Wendell David Associates Inc increased its stake in Fiserv (FISV) by 80.27% based on its latest 2018Q1 regulatory filing with the SEC. Wendell David Associates Inc bought 76,600 shares as the company’s stock declined 1.25% with the market. The institutional investor held 172,030 shares of the technology company at the end of 2018Q1, valued at $12.27 million, up from 95,430 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in Fiserv for a number of months, seems to be bullish on the $31.35B market cap company. The stock increased 0.95% or $0.72 during the last trading session, reaching $76.57. About 500,528 shares traded. Fiserv, Inc. (NASDAQ:FISV) has risen 15.27% since June 13, 2017 and is uptrending. It has outperformed by 2.70% the S&P500.

River Road Asset Management Llc decreased its stake in Premier Inc. Class A (PINC) by 6.08% based on its latest 2018Q1 regulatory filing with the SEC. River Road Asset Management Llc sold 85,803 shares as the company’s stock declined 0.43% with the market. The institutional investor held 1.32 million shares of the consumer services company at the end of 2018Q1, valued at $41.47 million, down from 1.41M at the end of the previous reported quarter. River Road Asset Management Llc who had been investing in Premier Inc. Class A for a number of months, seems to be less bullish one the $4.72B market cap company. The stock increased 0.98% or $0.345 during the last trading session, reaching $35.495. About 83,627 shares traded. Premier, Inc. (NASDAQ:PINC) has declined 7.16% since June 13, 2017 and is downtrending. It has underperformed by 19.73% the S&P500. Some Historical PINC News: 07/05/2018 – PREMIER 3Q ADJ EPS 67C, EST. 66C; 29/05/2018 – Premier Inc. Launches Physician Enterprise Collaborative; 20/04/2018 – DJ Premier Inc Class A, Inst Holders, 1Q 2018 (PINC); 07/05/2018 – PREMIER SEES FY ADJ EPS $2.24 TO $2.28, EST. $2.29; 21/05/2018 – Howard University Hospital Becomes Newest Academic Health System Member of Premier Inc; 07/05/2018 – Premier 3Q Rev $425.3M; 14/05/2018 – Premier Presenting at Bank of America Conference Tomorrow; 07/05/2018 – Premier Inc. Expands Partnership with Academic Health System; 16/04/2018 – Premier Creates Purchased Services Database with More Than $125 Billion in Spend Information; 01/05/2018 – WakeMed Selects Premier Inc. to Help Advance Journey Toward Value-based Healthcare

Since February 8, 2018, it had 0 buys, and 6 insider sales for $2.01 million activity. $1.30 million worth of Premier, Inc. (NASDAQ:PINC) was sold by DeVore Susan D. on Monday, February 26. $125,833 worth of Premier, Inc. (NASDAQ:PINC) shares were sold by D’ARCY STEPHEN R.. $137,320 worth of Premier, Inc. (NASDAQ:PINC) was sold by Price Kelli L. on Wednesday, March 14. The insider Anderson Leigh sold 1,177 shares worth $37,487.

Among 18 analysts covering Premier (NASDAQ:PINC), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Premier had 44 analyst reports since August 25, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, December 19 by JP Morgan. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, October 7. The company was downgraded on Tuesday, October 24 by KeyBanc Capital Markets. Credit Suisse initiated it with “Outperform” rating and $39 target in Friday, August 5 report. The rating was maintained by SunTrust with “Buy” on Tuesday, October 3. The firm earned “Overweight” rating on Wednesday, June 1 by Barclays Capital. The rating was maintained by SunTrust on Thursday, November 16 with “Buy”. The stock of Premier, Inc. (NASDAQ:PINC) earned “Overweight” rating by JP Morgan on Wednesday, October 7. The stock has “Hold” rating by Piper Jaffray on Tuesday, August 22. The rating was maintained by Robert W. Baird on Tuesday, October 3 with “Buy”.

Analysts await Premier, Inc. (NASDAQ:PINC) to report earnings on August, 20. They expect $0.61 earnings per share, up 52.50% or $0.21 from last year’s $0.4 per share. PINC’s profit will be $81.08M for 14.55 P/E if the $0.61 EPS becomes a reality. After $0.56 actual earnings per share reported by Premier, Inc. for the previous quarter, Wall Street now forecasts 8.93% EPS growth.

Investors sentiment increased to 1.61 in Q1 2018. Its up 0.33, from 1.28 in 2017Q4. It is positive, as 18 investors sold PINC shares while 49 reduced holdings. 34 funds opened positions while 74 raised stakes. 54.69 million shares or 1.60% less from 55.58 million shares in 2017Q4 were reported. Meeder Asset holds 0.11% of its portfolio in Premier, Inc. (NASDAQ:PINC) for 38,253 shares. Eqis Cap Management holds 0.06% or 35,826 shares in its portfolio. River Road Asset Mngmt Llc holds 0.84% of its portfolio in Premier, Inc. (NASDAQ:PINC) for 1.32M shares. Icon Advisers has invested 0.15% in Premier, Inc. (NASDAQ:PINC). Oppenheimer Asset Mngmt holds 19,944 shares. Utd Services Automobile Association has 8,583 shares for 0% of their portfolio. Pinebridge Invs LP stated it has 2,715 shares. Stone Ridge Asset Mngmt Ltd accumulated 27,046 shares. Leuthold Gru Limited holds 0.36% of its portfolio in Premier, Inc. (NASDAQ:PINC) for 101,570 shares. Ameriprise Fin Incorporated holds 329,798 shares. Los Angeles Capital Mngmt Equity Research has invested 0.1% in Premier, Inc. (NASDAQ:PINC). Moreover, Highland Lc has 0.33% invested in Premier, Inc. (NASDAQ:PINC). Advisory Serv Ntwk Lc stated it has 0% in Premier, Inc. (NASDAQ:PINC). Alliancebernstein Limited Partnership holds 37,945 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 4,154 shares.

River Road Asset Management Llc, which manages about $10.26 billion and $4.92B US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 61,585 shares to 868,583 shares, valued at $63.12 million in 2018Q1, according to the filing. It also increased its holding in Sabre Corp. (NASDAQ:SABR) by 407,903 shares in the quarter, for a total of 1.23M shares, and has risen its stake in Cisco Systems Inc. (NASDAQ:CSCO).

More news for Fiserv, Inc. (NASDAQ:FISV) were recently published by: Nasdaq.com, which released: “3 Fast-Growing Fintech Stocks to Buy” on May 29, 2018. Seekingalpha.com‘s article titled: “Fiserv Stays Ahead With Innovative Solutions” and published on May 24, 2018 is yet another important article.

Wendell David Associates Inc, which manages about $664.31 million and $555.21M US Long portfolio, decreased its stake in Ecolab (NYSE:ECL) by 8,395 shares to 129,213 shares, valued at $17.71 million in 2018Q1, according to the filing. It also reduced its holding in Jack Henry & Associates (NASDAQ:JKHY) by 5,000 shares in the quarter, leaving it with 20,520 shares, and cut its stake in Celgene (NASDAQ:CELG).

Among 24 analysts covering Fiserv (NASDAQ:FISV), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. Fiserv had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, October 7 by Cantor Fitzgerald. As per Thursday, August 4, the company rating was maintained by Jefferies. BMO Capital Markets maintained Fiserv, Inc. (NASDAQ:FISV) on Tuesday, August 1 with “Market Perform” rating. Monness Crespi & Hardt upgraded Fiserv, Inc. (NASDAQ:FISV) on Tuesday, October 4 to “Buy” rating. On Monday, March 21 the stock rating was downgraded by Oppenheimer to “Perform”. The firm has “Buy” rating given on Thursday, February 8 by Guggenheim. Cowen & Co maintained the shares of FISV in report on Monday, July 10 with “Hold” rating. The rating was initiated by Compass Point on Friday, April 15 with “Sell”. The firm has “Buy” rating by Guggenheim given on Monday, January 29. The firm has “Outperform” rating given on Wednesday, January 24 by Robert W. Baird.

Investors sentiment increased to 10.53 in 2018 Q1. Its up 9.72, from 0.81 in 2017Q4. It increased, as 39 investors sold FISV shares while 21 reduced holdings. 70 funds opened positions while 562 raised stakes. 700.79 million shares or 293.94% more from 177.89 million shares in 2017Q4 were reported. Credit Agricole S A reported 197,082 shares stake. Kbc Group Nv invested 0.04% in Fiserv, Inc. (NASDAQ:FISV). Whittier Comm Of Nevada reported 2,486 shares. 57,560 are held by Mason Street Advsrs Lc. Veritas Inv Mngmt (Uk) Ltd has invested 3.89% in Fiserv, Inc. (NASDAQ:FISV). Wendell David Associate has invested 2.21% in Fiserv, Inc. (NASDAQ:FISV). Stevens Capital Mngmt Limited Partnership has invested 0.13% of its portfolio in Fiserv, Inc. (NASDAQ:FISV). Leuthold Lc stated it has 0.87% in Fiserv, Inc. (NASDAQ:FISV). Greenleaf Tru, a Michigan-based fund reported 1,400 shares. Meiji Yasuda Asset Ltd has 0.43% invested in Fiserv, Inc. (NASDAQ:FISV). Creative Planning holds 117,882 shares. Mackay Shields Ltd Liability reported 0.04% of its portfolio in Fiserv, Inc. (NASDAQ:FISV). 2,200 are owned by Benjamin F Edwards Co. Moreover, Advantus has 0.08% invested in Fiserv, Inc. (NASDAQ:FISV). Motco invested 0% of its portfolio in Fiserv, Inc. (NASDAQ:FISV).

Fiserv, Inc. (NASDAQ:FISV) Institutional Positions Chart

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