Huntington National Bank Maintains Position in Fiserv Inc. (FISV)
Huntington National Bank held its stake in Fiserv Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,328 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Fiserv were worth $7,966,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Fiserv during the fourth quarter worth $171,564,000. Credit Agricole S A increased its stake in shares of Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock valued at $91,946,000 after buying an additional 733,391 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Fiserv during the second quarter valued at approximately $36,230,000. Torray LLC increased its stake in shares of Fiserv by 40.2% in the first quarter. Torray LLC now owns 733,894 shares of the company’s stock valued at $75,283,000 after buying an additional 210,499 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Fiserv by 87.5% in the first quarter. Franklin Resources Inc. now owns 347,523 shares of the company’s stock valued at $35,649,000 after buying an additional 162,130 shares during the last quarter. 87.31% of the stock is owned by institutional investors and hedge funds.
Shares of Fiserv Inc. (NASDAQ:FISV) traded up 0.04% on Tuesday, reaching $99.34. 789,749 shares of the company traded hands. Fiserv Inc. has a one year low of $84.48 and a one year high of $111.51. The firm has a 50-day moving average price of $102.73 and a 200 day moving average price of $103.51. The company has a market capitalization of $21.84 billion, a PE ratio of 25.22 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $0.95 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities analysts forecast that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
Several equities research analysts have commented on FISV shares. Deutsche Bank AG upped their target price on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, September 8th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $112.00 target price on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Barclays PLC upped their target price on shares of Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $104.00.
In related news, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares in the company, valued at approximately $6,680,351.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total transaction of $1,222,080.00. Following the sale, the insider now owns 336,994 shares in the company, valued at $34,319,468.96. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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