Central Bank & Trust Co. Has $5,261,000 Stake in Fiserv Inc. (FISV)
Central Bank & Trust Co. decreased its position in Fiserv Inc. (NASDAQ:FISV) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,892 shares of the company’s stock after selling 2,473 shares during the period. Fiserv makes up about 1.5% of Central Bank & Trust Co.’s holdings, making the stock its 20th largest position. Central Bank & Trust Co.’s holdings in Fiserv were worth $5,261,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in Fiserv by 151.9% in the second quarter. Franklin Resources Inc. now owns 875,458 shares of the company’s stock worth $95,172,000 after buying an additional 527,935 shares during the last quarter. BlackRock Fund Advisors increased its stake in Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock worth $540,589,000 after buying an additional 360,025 shares during the last quarter. Bank of Montreal Can bought a new stake in Fiserv during the second quarter worth $36,230,000. FMR LLC increased its stake in Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock worth $1,121,188,000 after buying an additional 295,107 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Fiserv by 417.8% in the second quarter. Schroder Investment Management Group now owns 333,576 shares of the company’s stock worth $36,270,000 after buying an additional 269,153 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
Shares of Fiserv Inc. (NASDAQ:FISV) traded down 0.73% during mid-day trading on Friday, reaching $104.29. 1,371,910 shares of the company’s stock were exchanged. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51. The stock has a 50-day moving average of $99.83 and a 200 day moving average of $103.55. The firm has a market capitalization of $22.64 billion, a P/E ratio of 26.16 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 26th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The firm earned $1.38 billion during the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a return on equity of 36.84% and a net margin of 16.61%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, analysts forecast that Fiserv Inc. will post $4.45 EPS for the current fiscal year.
A number of research firms have recently weighed in on FISV. Pacific Crest began coverage on shares of Fiserv in a research note on Friday. They issued a “sector weight” rating and a $101.00 price target on the stock. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Robert W. Baird upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating and set a $112.00 target price on the stock in a research report on Friday, October 28th. William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald assumed coverage on shares of Fiserv in a research report on Thursday, October 6th. They set a “hold” rating and a $101.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $107.35.
In related news, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the completion of the sale, the insider now owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Devin Mcgranahan purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average cost of $99.21 per share, with a total value of $1,488,150.00. Following the purchase, the insider now directly owns 25,155 shares of the company’s stock, valued at $2,495,627.55. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.
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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