Nicholas Company Inc. Has $12,227,000 Holdings in Fiserv, Inc. (FISV)
Nicholas Company Inc. continued to hold its position in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,949 shares of the business services provider’s stock at the close of the 2nd quarter. Nicholas Company Inc.’s holdings in Fiserv were worth $12,227,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after buying an additional 64 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Fiserv in the 2nd quarter worth $104,000. Trust Co. of Vermont raised its stake in shares of Fiserv by 53.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its stake in shares of Fiserv by 2.3% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares in the last quarter. Finally, Pegasus Partners Ltd. bought a new stake in shares of Fiserv in the 2nd quarter worth $200,000. 87.72% of the stock is currently owned by institutional investors.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, July 19th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird restated a “buy” rating and issued a $136.00 target price on shares of Fiserv in a report on Friday, September 8th. Finally, Barclays PLC restated an “equal weight” rating and issued a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $127.05.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the sale, the insider now owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 51,000 shares of company stock worth $6,342,700 in the last ninety days. 1.80% of the stock is currently owned by company insiders.
Shares of Fiserv, Inc. (FISV) traded up 0.40% on Friday, hitting $124.05. The stock had a trading volume of 1,484,510 shares. The company has a market capitalization of $26.11 billion, a P/E ratio of 30.37 and a beta of 0.82. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The firm has a 50 day moving average price of $123.48 and a 200 day moving average price of $121.30.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. On average, equities research analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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