Indiana Trust & Investment Management CO cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,705 shares of the business services provider’s stock after selling 1,180 shares during the quarter. Fiserv accounts for about 1.8% of Indiana Trust & Investment Management CO’s portfolio, making the stock its 11th biggest holding. Indiana Trust & Investment Management CO’s holdings in Fiserv were worth $3,702,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of FISV. Empire Life Investments Inc. bought a new position in shares of Fiserv during the first quarter worth about $13,650,000. ZWJ Investment Counsel Inc. bought a new position in shares of Fiserv during the first quarter worth about $381,000. Rafferty Asset Management LLC grew its holdings in shares of Fiserv by 80.9% during the first quarter. Rafferty Asset Management LLC now owns 50,041 shares of the business services provider’s stock worth $5,770,000 after buying an additional 22,386 shares in the last quarter. Credit Agricole S A grew its holdings in shares of Fiserv by 18.3% during the first quarter. Credit Agricole S A now owns 515,847 shares of the business services provider’s stock worth $59,483,000 after buying an additional 79,953 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Fiserv by 6.1% during the first quarter. Van ECK Associates Corp now owns 3,185 shares of the business services provider’s stock worth $367,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.
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In other news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total value of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,124 shares of company stock valued at $7,113,543. 1.80% of the stock is currently owned by corporate insiders.
Shares of Fiserv, Inc. (NASDAQ FISV) traded up 0.43% on Wednesday, hitting $127.18. The stock had a trading volume of 186,396 shares. The company has a market capitalization of $26.77 billion, a price-to-earnings ratio of 31.13 and a beta of 0.82. The company has a 50-day moving average of $125.65 and a 200 day moving average of $122.89. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.81.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.04). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 earnings per share. On average, equities research analysts predict that Fiserv, Inc. will post $5.10 EPS for the current year.
A number of research firms recently issued reports on FISV. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets increased their price objective on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $128.00 price objective (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $146.00 price objective (up from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $127.77.
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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