Suntrust Banks Inc. boosted its position in Fiserv Inc (NASDAQ:FISV) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,730 shares of the business services provider’s stock after buying an additional 737 shares during the period. Suntrust Banks Inc.’s holdings in Fiserv were worth $1,006,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its position in shares of 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Fiserv during the first quarter valued at $131,000. TLP Group LLC bought a new position in shares of Fiserv during the third quarter valued at $124,000. Bessemer Group Inc. boosted 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 valued at $158,000 after buying an additional 1,021 shares in the last quarter. Finally, University of Texas Investment Managment Co. bought a new position in shares of Fiserv during the first quarter valued at $184,000. 86.46% of the stock is owned by hedge funds and other institutional investors.
Fiserv Inc (NASDAQ:FISV) traded up 0.71% during mid-day trading on Friday, hitting $120.89. The stock had a trading volume of 388,403 shares. The firm has a market cap of $25.67 billion, a P/E ratio of 30.20 and a beta of 0.80. The stock has a 50-day moving average price of $118.02 and a 200 day moving average price of $111.15. Fiserv Inc has a 12-month low of $92.81 and a 12-month high of $122.91.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS. Equities analysts anticipate that Fiserv Inc will post $5.13 EPS for the current fiscal year.
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Several brokerages recently weighed in on FISV. Credit Suisse Group AG reiterated a “hold” rating and set a $116.00 price target on shares of Fiserv in a research report on Friday, April 28th. Cantor Fitzgerald lifted their price target on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a research report on Friday, April 28th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Royal Bank of Canada reiterated a “hold” rating and set a $123.00 price target on shares of Fiserv in a research report on Friday, April 28th. Finally, Vetr cut Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price target for the company. in a research report on Thursday, April 20th. 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 a consensus price target of $115.70.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $117.27, for a total value of $1,993,590.00. Following the completion of the sale, the insider now directly owns 354,151 shares of the company’s stock, valued at approximately $41,531,287.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lynn S. Mccreary sold 4,309 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $117.02, for a total value of $504,239.18. Following the completion of the sale, the insider now directly owns 20,793 shares of the company’s stock, valued at $2,433,196.86. The disclosure for this sale can be found here. Insiders sold a total of 38,309 shares of company stock valued at $4,483,909 over the last three months. 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.
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