City Holding Co. raised its position in shares of Fiserv Inc (NASDAQ:FISV) by 59.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,985 shares of the business services provider’s stock after buying an additional 4,487 shares during the quarter. City Holding Co.’s holdings in Fiserv were worth $1,170,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FISV. Stephenson National Bank & Trust acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $36,000. Harwood Advisory Group LLC purchased a new position in shares of Fiserv during the 1st quarter worth $39,000. Westside Investment Management Inc. purchased a new position in shares of Fiserv during the 1st quarter worth $40,000. MBE Wealth Management LLC acquired a new stake in shares of Fiserv during the 1st quarter worth about $40,000. Finally, EPG Wealth Management LLC acquired a new stake in shares of Fiserv during the 1st quarter worth about $42,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Shares of FISV stock opened at $94.36 on Tuesday. Fiserv Inc has a 1 year low of $73.50 and a 1 year high of $125.05. The stock has a market cap of $64.26 billion, a PE ratio of 51.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. The business’s fifty day moving average is $101.59 and its 200-day moving average is $106.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.07.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.99. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The company’s quarterly revenue was up 150.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Equities research analysts predict that Fiserv Inc will post 4.41 earnings per share for the current year.

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Fiserv from $88.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Stephens lowered their price objective on Fiserv from $126.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Keefe, Bruyette & Woods boosted their target price on Fiserv from $108.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Rosenblatt Securities restated a “hold” rating and set a $107.00 target price on shares of Fiserv in a research note on Thursday, May 7th. Finally, Susquehanna Bancshares upgraded Fiserv from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $108.00 to $114.00 in a research note on Thursday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $121.36.

In related news, CEO Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the completion of the sale, the chief executive officer now owns 385,537 shares of the company’s stock, valued at $36,074,697.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $104.78, for a total value of $31,434,000.00. Following the completion of the sale, the chief executive officer now directly owns 357,023 shares of the company’s stock, valued at approximately $37,408,869.94. The disclosure for this sale can be found here. Insiders have sold 407,996 shares of company stock worth $42,532,359 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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