Fiserv Inc (FISV) Position Raised by Peoples Bank OH

Fiserv Inc (FISV) Position Raised by Peoples Bank OH

Several other institutional investors have also added to or reduced their stakes in the stock. First Manhattan Co. raised its position in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after buying an additional 134 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Fiserv during the first quarter worth $131,000. Bessemer Group Inc. raised its position in shares of Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock worth $158,000 after buying an additional 1,021 shares during the last quarter. University of Texas Investment Managment Co. purchased a new position in shares of Fiserv during the first quarter worth $184,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Fiserv by 35.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the business services provider’s stock worth $189,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Peoples Bank OH raised its stake in shares of Fiserv Inc (NASDAQ:FISV) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,170 shares of the business services provider’s stock after buying an additional 50 shares during the period. Peoples Bank OH’s holdings in Fiserv were worth $711,000 as of its most recent SEC filing.

Shares of Fiserv Inc (NASDAQ:FISV) opened at 124.53 on Wednesday. Fiserv Inc has a 52-week low of $92.81 and a 52-week high of $124.81. The company has a market cap of $26.45 billion, a P/E ratio of 31.11 and a beta of 0.80. The firm has a 50-day moving average of $119.61 and a 200-day moving average of $112.65.

Fiserv (NASDAQ:FISV) last released 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. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that Fiserv Inc will post $5.13 earnings per share for the current year.

FISV has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “hold” rating and issued 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 Tuesday, April 18th. Northcoast Research restated a “neutral” rating on shares of Fiserv in a report on Thursday, February 9th. Credit Suisse Group AG restated a “hold” rating and issued a $116.00 price objective on shares of Fiserv in a report on Friday, April 28th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, April 3rd. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $115.70.

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

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.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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