Argent Trust Co Sells 889 Shares of Fiserv Inc (FISV)

Argent Trust Co Sells 889 Shares of Fiserv Inc (FISV)

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in Fiserv during the third quarter worth about $510,000. Martin Investment Management LLC boosted its stake in Fiserv by 0.5% in the third quarter. Martin Investment Management LLC now owns 226,722 shares of the business services provider’s stock worth $22,552,000 after buying an additional 1,098 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in Fiserv by 9.6% in the third quarter. Transamerica Financial Advisors Inc. now owns 54,697 shares of the business services provider’s stock worth $5,441,000 after buying an additional 4,811 shares during the last quarter. Legacy Capital Partners Inc. boosted its stake in Fiserv by 1.4% in the third quarter. Legacy Capital Partners Inc. now owns 33,365 shares of the business services provider’s stock worth $3,319,000 after buying an additional 450 shares during the last quarter. Finally, Mitchell Capital Management Co. acquired a new stake in Fiserv during the third quarter worth about $5,345,000. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Argent Trust Co reduced its position in shares of Fiserv Inc (NASDAQ:FISV) by 10.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,609 shares of the business services provider’s stock after selling 889 shares during the period. Argent Trust Co’s holdings in Fiserv were worth $878,000 as of its most recent SEC filing.

Fiserv Inc (NASDAQ FISV) opened at 124.53 on Wednesday. Fiserv Inc has a one year low of $92.81 and a one year high of $124.81. The firm has a 50-day moving average price of $119.61 and a 200 day moving average price of $112.65. The firm has a market capitalization of $26.45 billion, a PE ratio of 31.11 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $1.39 billion for 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%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 earnings per share. Analysts anticipate that Fiserv Inc will post $5.13 EPS for the current fiscal year.

FISV has been the subject of a number of recent analyst reports. Northcoast Research reaffirmed a “neutral” rating on shares of Fiserv in a research report on Thursday, February 9th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $123.00 price objective on shares of Fiserv in a research report on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Fiserv in a research report on Thursday, February 9th. Vetr raised Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price objective for the company in a research report on Monday, April 3rd. Finally, Cantor Fitzgerald raised their price objective on Fiserv from $100.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, February 9th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $115.70.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the sale, the insider now owns 323,776 shares in the company, valued at $39,452,105.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $120.19, for a total value of $240,380.00. Following the sale, the insider now owns 337,151 shares in the company, valued at approximately $40,522,178.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,000 shares of company stock worth $6,051,120. Company insiders own 1.90% of the company’s stock.

About Fiserv

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FISV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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