Chemical Bank lessened its position in shares of Fiserv (NASDAQ:FISV) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,697 shares of the business services provider’s stock after selling 1,270 shares during the period. Fiserv makes up about 0.8% of Chemical Bank’s holdings, making the stock its 28th biggest position. Chemical Bank’s holdings in Fiserv were worth $7,172,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Virtue Capital Management LLC bought a new position in shares of Fiserv in the 4th quarter worth $116,000. ARK Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter worth $118,000. Coastline Trust Co bought a new position in shares of Fiserv in the 3rd quarter worth $202,000. Univest Corp of Pennsylvania bought a new position in shares of Fiserv in the 4th quarter worth $202,000. Finally, Biltmore Family Office LLC bought a new position in shares of Fiserv in the 4th quarter worth $203,000. 89.46% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Fiserv from $66.50 to $76.00 and gave the stock an “average” rating in a report on Thursday, February 8th. ValuEngine lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Stephens reissued a “hold” rating and issued a $73.00 price target on shares of Fiserv in a report on Friday, February 9th. Guggenheim reissued a “buy” rating and issued a $80.00 price target on shares of Fiserv in a report on Monday, January 29th. Finally, Argus set a $74.00 price target on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.37.
Shares of Fiserv (FISV) opened at $71.34 on Friday. Fiserv has a 12 month low of $57.41 and a 12 month high of $74.46. The stock has a market cap of $30,354.82, a price-to-earnings ratio of 24.60, a PEG ratio of 2.05 and a beta of 0.83. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.79.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. analysts forecast that Fiserv will post 3.11 earnings per share for the current fiscal year.
In other Fiserv news, insider Jeffery W. Yabuki sold 34,000 shares of the stock in a transaction on Monday, March 19th. The shares were sold at an average price of $73.43, for a total transaction of $2,496,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harry Disimone purchased 353 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of $141.59 per share, with a total value of $49,981.27. Following the transaction, the director now directly owns 154 shares in the company, valued at $21,804.86. The disclosure for this purchase can be found here. Insiders sold a total of 80,160 shares of company stock valued at $8,993,842 in the last ninety days. 1.80% of the stock is owned by corporate insiders.
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Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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