Glenview State Bank Trust DEPT. increased its position in shares of Fiserv Inc. (NASDAQ:FISV) by 13.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,560 shares of the company’s stock after buying an additional 1,000 shares during the period. Glenview State Bank Trust DEPT.’s holdings in Fiserv were worth $931,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its stake in shares of Fiserv by 8.6% in the second quarter. Wedge Capital Management L L P NC now owns 386,035 shares of the company’s stock worth $41,974,000 after buying an additional 30,424 shares during the last quarter. BP PLC raised its stake in Fiserv by 30.0% in the second quarter. BP PLC now owns 52,000 shares of the company’s stock valued at $5,654,000 after buying an additional 12,000 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Fiserv during the second quarter valued at approximately $250,000. LMR Partners LLP raised its stake in Fiserv by 403.1% in the second quarter. LMR Partners LLP now owns 20,415 shares of the company’s stock valued at $2,219,000 after buying an additional 16,357 shares in the last quarter. Finally, Savant Capital LLC raised its stake in Fiserv by 2.6% in the second quarter. Savant Capital LLC now owns 2,338 shares of the company’s stock valued at $254,000 after buying an additional 60 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded up 0.42% during mid-day trading on Tuesday, reaching $100.27. 229,359 shares of the company’s stock traded hands. The stock has a market capitalization of $22.04 billion, a PE ratio of 25.46 and a beta of 0.91. The stock’s 50 day moving average is $100.78 and its 200-day moving average is $103.59. Fiserv Inc. has a 52 week low of $85.63 and a 52 week high of $111.51.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The company earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. Fiserv’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. On average, equities analysts anticipate that Fiserv Inc. will post $4.44 EPS for the current year.
FISV has been the subject of several recent research reports. Deutsche Bank AG boosted their price target on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Monness Crespi & Hardt upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, October 4th. Cantor Fitzgerald initiated coverage on shares of Fiserv in a report on Thursday, October 6th. They issued a “hold” rating and a $101.00 price target for the company. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $105.71.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total transaction of $1,222,080.00. Following the completion of the transaction, the insider now directly owns 336,994 shares of the company’s stock, valued at $34,319,468.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rahul Gupta sold 15,225 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the transaction, the insider now directly owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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