Cadence Bank NA boosted its position in Fiserv, Inc. (NASDAQ:FISV) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,711 shares of the company’s stock after buying an additional 163 shares during the period. Cadence Bank NA’s holdings in Fiserv were worth $395,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. BB&T Securities LLC increased its stake in shares of Fiserv by 2.0% in the third quarter. BB&T Securities LLC now owns 35,605 shares of the company’s stock worth $3,541,000 after buying an additional 706 shares during the last quarter. BOKF NA increased its stake in shares of Fiserv by 1.6% in the third quarter. BOKF NA now owns 63,811 shares of the company’s stock worth $6,347,000 after buying an additional 999 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Fiserv by 0.8% in the third quarter. California State Teachers Retirement System now owns 474,005 shares of the company’s stock worth $47,149,000 after buying an additional 3,900 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Fiserv by 784.1% in the third quarter. Riverhead Capital Management LLC now owns 35,790 shares of the company’s stock worth $3,560,000 after buying an additional 31,742 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in shares of Fiserv by 13.7% in the third quarter. Eagle Asset Management Inc. now owns 53,806 shares of the company’s stock worth $5,352,000 after buying an additional 6,483 shares during the last quarter. 86.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 109.07 on Friday. The firm has a 50-day moving average price of $108.18 and a 200 day moving average price of $104.02. Fiserv, Inc. has a one year low of $92.81 and a one year high of $111.51. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 27.36 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 8th. The company reported $1.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. The business earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Equities analysts forecast that Fiserv, Inc. will post $5.09 earnings per share for the current fiscal year.
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FISV has been the subject of several recent analyst reports. Monness Crespi & Hardt raised their price target on Fiserv from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Jefferies Group LLC reissued a “buy” rating and issued a $127.00 price target on shares of Fiserv in a report on Thursday. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a report on Tuesday, January 17th. BMO Capital Markets initiated coverage on Fiserv in a report on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price target for the company. Finally, William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $109.29.
In related news, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $102.45, for a total value of $1,229,400.00. Following the completion of the sale, the insider now directly owns 302,194 shares of the company’s stock, valued at approximately $30,959,775.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin P. Gregoire sold 8,992 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $105.10, for a total value of $945,059.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,992 shares of company stock valued at $3,479,099. 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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