First Midwest Bank Trust Division Has $527,000 Position in Fiserv Inc. (FISV)
First Midwest Bank Trust Division raised its position in shares of Fiserv Inc. (NASDAQ:FISV) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,853 shares of the company’s stock after buying an additional 350 shares during the period. First Midwest Bank Trust Division’s holdings in Fiserv were worth $527,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Architects Inc raised its position in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Fiserv during the first quarter valued at approximately $141,000. First Manhattan Co. raised its position in Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock valued at $177,000 after buying an additional 134 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new position in Fiserv during the second quarter valued at approximately $210,000. Finally, Univest Corp of Pennsylvania purchased a new position in Fiserv during the second quarter valued at approximately $210,000. 87.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Fiserv Inc. (NASDAQ:FISV) traded up 0.81% during midday trading on Wednesday, hitting $99.69. The stock had a trading volume of 1,143,927 shares. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51. The stock has a market cap of $21.91 billion, a PE ratio of 25.31 and a beta of 0.91. The firm has a 50 day moving average price of $101.46 and a 200 day moving average price of $103.64.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. On average, equities analysts forecast that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
FISV has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, July 5th. Barclays PLC lifted their target price on Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 7th. Deutsche Bank AG lifted their target price on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “hold” rating and set a $101.00 target price on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $112.00 target price on shares of Fiserv in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and an average target price of $106.00.
In related news, 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 approximately $6,680,351.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $100.46, for a total value of $1,205,520.00. Following the transaction, the insider now owns 323,994 shares of the company’s stock, valued at $32,548,437.24. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
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.
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