Bath Savings Trust Co trimmed its position in Fiserv Inc (NASDAQ:FISV) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,511 shares of the business services provider’s stock after selling 1,295 shares during the period. Fiserv accounts for 1.7% of Bath Savings Trust Co’s portfolio, making the stock its 22nd biggest position. Bath Savings Trust Co’s holdings in Fiserv were worth $7,002,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of FISV. Meadow Creek Investment Management LLC grew its stake in shares of Fiserv by 9.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 6,080 shares of the business services provider’s stock worth $797,000 after acquiring an additional 512 shares during the last quarter. Empire Life Investments Inc. grew its stake in shares of Fiserv by 1.9% in the fourth quarter. Empire Life Investments Inc. now owns 35,068 shares of the business services provider’s stock worth $4,598,000 after acquiring an additional 644 shares during the last quarter. Dubuque Bank & Trust Co. grew its stake in shares of Fiserv by 96.9% in the first quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock worth $107,000 after acquiring an additional 738 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Fiserv by 100.0% in the first quarter. Parallel Advisors LLC now owns 1,500 shares of the business services provider’s stock worth $107,000 after acquiring an additional 750 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its stake in shares of Fiserv by 32.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 3,305 shares of the business services provider’s stock worth $433,000 after acquiring an additional 814 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.
In other Fiserv news, Director Kim M. Robak sold 10,388 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $72.92, for a total value of $757,492.96. Following the transaction, the director now owns 85,094 shares of the company’s stock, valued at $6,205,054.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $76.34, for a total value of $3,817,000.00. Following the completion of the transaction, the insider now directly owns 567,380 shares in the company, valued at approximately $43,313,789.20. The disclosure for this sale can be found here. In the last three months, insiders sold 160,388 shares of company stock worth $11,792,993. 1.80% of the stock is owned by corporate insiders.
Shares of Fiserv traded up $0.61, reaching $75.03, during midday trading on Thursday, Marketbeat Ratings reports. 1,223,691 shares of the company’s stock traded hands, compared to its average volume of 2,013,324. The company has a market cap of $30.47 billion, a P/E ratio of 29.09, a PEG ratio of 2.07 and a beta of 0.83. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05. Fiserv Inc has a one year low of $59.85 and a one year high of $76.98.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Fiserv had a return on equity of 44.13% and a net margin of 24.76%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. sell-side analysts anticipate that Fiserv Inc will post 3.12 earnings per share for the current year.
A number of equities research analysts have recently commented on the company. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Citigroup increased their target price on Fiserv from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 2nd. Stephens reissued a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research note on Thursday, April 5th. ValuEngine downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Credit Suisse Group lowered their price target on Fiserv from $68.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, May 2nd. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiserv has an average rating of “Hold” and an average target price of $71.50.
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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