Bank of Stockton lowered its position in shares of Fiserv Inc (NASDAQ:FISV) by 1.9% during the first quarter, Holdings Channel reports. The institutional investor owned 7,212 shares of the business services provider’s stock after selling 138 shares during the period. Bank of Stockton’s holdings in Fiserv were worth $831,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Perennial Advisors LLC acquired a new stake in Fiserv during the fourth quarter worth $4,078,000. Keybank National Association OH boosted its stake in Fiserv by 48.9% in the fourth quarter. Keybank National Association OH now owns 22,738 shares of the business services provider’s stock worth $2,417,000 after buying an additional 7,470 shares in the last quarter. Mitchell Capital Management Co. acquired a new stake in Fiserv during the third quarter worth $5,345,000. Comerica Bank boosted its stake in Fiserv by 0.5% in the fourth quarter. Comerica Bank now owns 113,860 shares of the business services provider’s stock worth $12,558,000 after buying an additional 592 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its stake in Fiserv by 99.0% in the third quarter. Cetera Advisor Networks LLC now owns 4,012 shares of the business services provider’s stock worth $399,000 after buying an additional 1,996 shares in the last quarter. 86.46% of the stock is owned by hedge funds and other institutional investors.
Fiserv Inc (NASDAQ:FISV) traded down 0.21% during midday trading on Friday, hitting $120.00. The stock had a trading volume of 634,264 shares. The stock has a market cap of $26.30 billion, a price-to-earnings ratio of 29.98 and a beta of 0.80. The company has a 50-day moving average of $117.09 and a 200-day moving average of $109.82. Fiserv Inc has a 1-year low of $92.81 and a 1-year high of $122.91.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.07. The business earned $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. Fiserv’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. Equities research analysts forecast that Fiserv Inc will post $5.13 EPS for the current year.
A number of equities research analysts recently weighed in on FISV shares. Northcoast Research reaffirmed a “neutral” rating on shares of Fiserv in a report on Thursday, February 9th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Monness Crespi & Hardt raised their price target on Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a report on Monday, January 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $127.00 price target on shares of Fiserv in a report on Thursday, February 9th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv currently has an average rating of “Hold” and a consensus target price of $115.59.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $117.27, for a total value of $1,993,590.00. Following the completion of the sale, the insider now directly owns 354,151 shares in the company, valued at $41,531,287.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 36,000 shares of the stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $110.78, for a total value of $3,988,080.00. Following the completion of the sale, the insider now owns 336,646 shares of the company’s stock, valued at $37,293,643.88. The disclosure for this sale can be found here. Insiders sold 74,309 shares of company stock valued at $8,471,989 over the last 90 days. 1.90% of the stock is currently owned by company insiders.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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