Fiserv Inc (FISV) Position Maintained by Cadence Bank NA

Fiserv Inc (FISV) Position Maintained by Cadence Bank NA

Cadence Bank NA held its stake in shares of Fiserv Inc (NASDAQ:FISV) during the first quarter, Holdings Channel reports. The institutional investor owned 3,711 shares of the business services provider’s stock at the end of the first quarter. Cadence Bank NA’s holdings in Fiserv were worth $427,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Welch & Forbes LLC raised its stake in shares of Fiserv by 1.5% in the third quarter. Welch & Forbes LLC now owns 453,420 shares of the business services provider’s stock worth $45,102,000 after buying an additional 6,915 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Fiserv by 1.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 47,861 shares of the business services provider’s stock worth $4,761,000 after buying an additional 556 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Fiserv by 247.8% in the third quarter. Nordea Investment Management AB now owns 77,359 shares of the business services provider’s stock worth $7,695,000 after buying an additional 55,119 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Fiserv by 1.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 370,063 shares of the business services provider’s stock worth $36,810,000 after buying an additional 4,418 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Fiserv by 1,139.6% in the third quarter. Quantbot Technologies LP now owns 88,569 shares of the business services provider’s stock worth $8,809,000 after buying an additional 81,424 shares during the last quarter. Institutional investors own 86.46% of the company’s stock.

Shares of Fiserv Inc (NASDAQ:FISV) traded down 0.21% on Friday, hitting $120.00. 634,264 shares of the stock were exchanged. Fiserv Inc has a 52-week low of $92.81 and a 52-week high of $122.91. The stock has a market cap of $26.30 billion, a PE ratio of 29.98 and a beta of 0.80. The company’s 50 day moving average is $117.09 and its 200-day moving average is $109.82.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 earnings per share. Analysts predict that Fiserv Inc will post $5.13 EPS for the current fiscal year.

A number of brokerages recently weighed in on FISV. Royal Bank of Canada reiterated a “hold” rating and set a $123.00 price objective on shares of Fiserv in a report on Friday, April 28th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Cantor Fitzgerald lifted their price objective on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Credit Suisse Group AG reiterated a “hold” rating and set a $116.00 price objective on shares of Fiserv in a report on Friday, April 28th. Finally, Vetr lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price objective for the company. in a report on Thursday, April 20th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently 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 firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $117.27, for a total value of $1,993,590.00. Following the sale, the insider now owns 354,151 shares of the company’s stock, valued at $41,531,287.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 36,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $110.78, for a total transaction of $3,988,080.00. Following the completion of the sale, the insider now directly owns 336,646 shares in the company, valued at approximately $37,293,643.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,309 shares of company stock worth $8,471,989. 1.90% of the stock is owned by corporate 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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