NBT Bank N A NY Sells 910 Shares of Fiserv, Inc. (FISV)
NBT Bank N A NY lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,430 shares of the business services provider’s stock after selling 910 shares during the period. NBT Bank N A NY’s holdings in Fiserv were worth $2,744,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fiserv by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,492 shares of the business services provider’s stock valued at $1,895,000 after buying an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Fiserv by 1.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,682 shares of the business services provider’s stock valued at $6,078,000 after buying an additional 730 shares during the period. Buckingham Asset Management LLC bought a new stake in shares of Fiserv during the second quarter valued at about $778,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Fiserv by 4.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 458,811 shares of the business services provider’s stock valued at $56,131,000 after buying an additional 20,059 shares during the period. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Fiserv during the second quarter valued at about $1,451,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fiserv, Inc. (NASDAQ FISV) traded down 0.08% during trading on Wednesday, hitting $122.92. The stock had a trading volume of 58,329 shares. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The company has a market cap of $25.87 billion, a P/E ratio of 30.09 and a beta of 0.81. The stock’s 50-day moving average price is $124.15 and its 200-day moving average price is $120.11.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm posted $1.08 EPS. Fiserv’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
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Several analysts recently issued reports on FISV shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price objective (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Credit Suisse Group boosted their price objective on shares of Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $136.00 in a report on Monday, July 17th. Robert W. Baird restated an “outperform” rating and issued a $134.00 price objective (up from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Finally, BMO Capital Markets boosted their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Fiserv presently has an average rating of “Hold” and a consensus target price of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 51,000 shares of company stock valued at $6,342,700. Insiders own 1.80% of the company’s stock.
Fiserv Company Profile
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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