Indiana Trust & Investment Management CO lessened its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,705 shares of the business services provider’s stock after selling 1,180 shares during the period. Fiserv comprises 1.8% of Indiana Trust & Investment Management CO’s investment 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.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $104,000. Parallel Advisors LLC boosted its holdings in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at $122,000. Trust Co. of Vermont boosted its holdings in shares of Fiserv by 53.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after buying an additional 453 shares in the last quarter. Finally, Sun Life Financial INC boosted its holdings in shares of Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.
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Shares of Fiserv, Inc. (FISV) traded up 0.80% during trading on Friday, hitting $129.97. 265,678 shares of the stock were exchanged. The stock has a market cap of $27.35 billion, a P/E ratio of 31.82 and a beta of 0.82. The stock has a 50-day moving average of $126.52 and a 200 day moving average of $123.53. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $130.00.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $1.08 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on FISV. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets upped their price target on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price target (up previously from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $123.00 price target (up previously from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $127.77.
In other Fiserv news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the transaction, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,124 shares of company stock worth $7,133,943. Company insiders own 1.80% 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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