Indiana Trust & Investment Management CO Has $3.70 Million Position in Fiserv, Inc. (FISV)

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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