Fiserv Inc. (FISV) Shares Sold by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC decreased its position in shares of Fiserv Inc. (NASDAQ:FISV) by 58.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,560 shares of the company’s stock after selling 3,565 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Fiserv were worth $278,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Financial Architects Inc increased its stake in shares of Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock worth $139,000 after buying an additional 1,158 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Fiserv during the first quarter worth about $141,000. First Manhattan Co. increased its stake in shares of Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock worth $177,000 after buying an additional 134 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Fiserv during the first quarter worth about $200,000. Finally, Franklin Street Advisors Inc. NC bought a new stake in shares of Fiserv during the second quarter worth about $210,000. Institutional investors own 87.25% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded up 2.17% during midday trading on Wednesday, reaching $101.50. 1,317,284 shares of the company’s stock traded hands. Fiserv Inc. has a 1-year low of $84.48 and a 1-year high of $111.51. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 25.77 and a beta of 0.95. The firm’s 50-day moving average is $102.51 and its 200-day moving average is $103.50.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Analysts forecast that Fiserv Inc. will post $4.44 earnings per share for the current year.
A number of brokerages have issued reports on FISV. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $112.00 price target on shares of Fiserv in a report on Wednesday, August 3rd. Deutsche Bank AG lifted their price target on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating and issued a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Barclays PLC boosted their target price on shares of Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Finally, Jefferies Group boosted their target price on shares of Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $104.00.
In other news, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $101.84, for a total value of $1,222,080.00. Following the transaction, the insider now directly owns 336,994 shares of the company’s stock, valued at $34,319,468.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the completion of the transaction, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
Fiserv Company Profile
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.
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc. (NASDAQ:FISV).
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.