Fiserv, Inc. (FISV) Shares Sold by BTC Capital Management Inc.
BTC Capital Management Inc. lowered its position in Fiserv, Inc. (NASDAQ:FISV) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,478 shares of the business services provider’s stock after selling 1,721 shares during the period. BTC Capital Management Inc.’s holdings in Fiserv were worth $3,545,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Elefante Mark B grew its holdings in shares of Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after acquiring an additional 15 shares during the period. Roberts Glore & Co. Inc. IL grew its holdings in shares of Fiserv by 0.6% in the second quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock worth $402,000 after acquiring an additional 20 shares during the period. Nwam LLC grew its holdings in shares of Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock worth $229,000 after acquiring an additional 35 shares during the period. OLD National Bancorp IN grew its holdings in shares of Fiserv by 2.8% in the second quarter. OLD National Bancorp IN now owns 1,912 shares of the business services provider’s stock worth $234,000 after acquiring an additional 52 shares during the period. Finally, Burney Co. grew its holdings in shares of Fiserv by 0.7% in the second quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock worth $1,030,000 after acquiring an additional 55 shares during the period. 89.41% of the stock is owned by institutional investors.
In related news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the sale, the insider now owns 269,151 shares in the company, valued at $32,841,805.02. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock worth $7,133,943 over the last 90 days. Company insiders own 1.80% of the company’s stock.
Several analysts recently commented on FISV shares. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $136.00 in a report on Monday, July 17th. 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 research report on Wednesday, July 19th. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. BMO Capital Markets lifted their target price on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada lifted their target price on Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $128.45.
Shares of Fiserv, Inc. (FISV) traded down $0.88 during trading on Monday, hitting $128.00. The stock had a trading volume of 482,700 shares, compared to its average volume of 868,556. Fiserv, Inc. has a fifty-two week low of $99.19 and a fifty-two week high of $130.20. The stock has a market capitalization of $26,680.00, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Fiserv’s revenue was up 1.4% on a year-over-year basis. analysts forecast that Fiserv, Inc. will post 5.08 earnings per share for the current 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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