Bancorpsouth Inc. Continues to Hold Holdings in Fiserv, Inc. (FISV)
Bancorpsouth Inc. continued to hold its position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,145 shares of the business services provider’s stock at the end of the second quarter. Bancorpsouth Inc.’s holdings in Fiserv were worth $996,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gardiner Nancy B lifted its stake in shares of Fiserv by 6.5% in the 1st quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after purchasing an additional 762 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Fiserv by 25.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after purchasing an additional 3,304 shares during the period. Atria Investments LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at approximately $201,000. Dupont Capital Management Corp lifted its stake in shares of Fiserv by 6.8% in the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock valued at $1,586,000 after purchasing an additional 826 shares during the period. Finally, Great Lakes Advisors LLC lifted its stake in shares of Fiserv by 2.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock valued at $2,108,000 after purchasing an additional 378 shares during the period. Institutional investors own 87.72% of the company’s stock.
In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total value of $2,142,340.00. Following the sale, the insider now directly owns 286,151 shares in the company, valued at approximately $36,060,749.02. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock worth $7,113,543 in the last ninety days. Insiders own 1.80% of the company’s stock.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.04). The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS.
A number of research analysts have recently commented on FISV shares. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, July 19th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the company from $131.00 to $136.00 in a research note on Monday, July 17th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Robert W. Baird restated a “buy” rating and issued a $136.00 target price on shares of Fiserv in a research note on Friday, September 8th. Finally, Barclays PLC restated an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $127.05.
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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