Headinvest LLC reduced its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 66,081 shares of the company’s stock after selling 3,120 shares during the period. Fiserv comprises approximately 2.7% of Headinvest LLC’s holdings, making the stock its 4th largest position. Headinvest LLC’s holdings in Fiserv were worth $7,185,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its position in Fiserv by 40.4% in the first quarter. Capstone Asset Management Co. now owns 38,666 shares of the company’s stock valued at $3,966,000 after buying an additional 11,122 shares during the period. Douglas Lane & Associates LLC acquired a new position in Fiserv during the first quarter valued at about $397,000. Chesley Taft & Associates LLC boosted its position in Fiserv by 25.6% in the first quarter. Chesley Taft & Associates LLC now owns 44,455 shares of the company’s stock valued at $4,560,000 after buying an additional 9,060 shares during the period. New Century Investment Management Inc. acquired a new position in Fiserv during the first quarter valued at about $2,421,000. Finally, Glenmede Trust Co. NA boosted its position in Fiserv by 91.2% in the first quarter. Glenmede Trust Co. NA now owns 8,709 shares of the company’s stock valued at $893,000 after buying an additional 4,153 shares during the period. 87.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fiserv Inc. (NASDAQ:FISV) traded up 0.82% during midday trading on Thursday, reaching $102.33. The company’s stock had a trading volume of 1,047,613 shares. The stock has a 50-day moving average of $102.45 and a 200 day moving average of $103.49. Fiserv Inc. has a 12-month low of $84.48 and a 12-month high of $111.51. The firm has a market capitalization of $22.49 billion, a P/E ratio of 25.98 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts predict that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
FISV has been the topic of several analyst reports. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, July 5th. Barclays PLC upped their price objective on Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, July 7th. Deutsche Bank AG upped their price objective on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $104.00.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total transaction of $1,329,600.00. Following the sale, the insider now directly owns 344,994 shares of the company’s stock, valued at $38,225,335.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The disclosure for this sale can be found here. 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 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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