Argent Trust Co Boosts Position in Fiserv Inc (NASDAQ:FISV)

Argent Trust Co boosted its position in shares of Fiserv Inc (NASDAQ:FISV) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 15,431 shares of the business services provider’s stock after buying an additional 154 shares during the quarter. Argent Trust Co’s holdings in Fiserv were worth $1,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its position in Fiserv by 1.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,289,627 shares of the business services provider’s stock worth $3,155,500,000 after purchasing an additional 340,147 shares in the last quarter. Geode Capital Management LLC boosted its position in Fiserv by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 9,905,414 shares of the business services provider’s stock worth $1,143,285,000 after purchasing an additional 440,941 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Fiserv by 3.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,502,404 shares of the business services provider’s stock worth $1,098,762,000 after purchasing an additional 340,300 shares in the last quarter. Capital World Investors boosted its position in Fiserv by 24.1% during the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock worth $895,575,000 after purchasing an additional 1,502,688 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Fiserv in the fourth quarter valued at $577,518,000. Institutional investors own 92.62% of the company’s stock.

Several analysts have recently issued reports on the company. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Co upped their price objective on Fiserv from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Cfra reduced their price objective on Fiserv from $140.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Barclays upped their price objective on Fiserv from $124.00 to $129.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Robert W. Baird reduced their price objective on Fiserv from $143.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Five research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Fiserv has an average rating of “Buy” and an average target price of $120.39.

In other news, CEO Jeffery W. Yabuki sold 300,000 shares of the 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 owns 357,023 shares in the company, valued at $37,408,869.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffery W. Yabuki sold 10,000 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $100.30, for a total value of $1,003,000.00. Following the completion of the sale, the chief executive officer now owns 365,537 shares of the company’s stock, valued at approximately $36,663,361.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 330,000 shares of company stock valued at $34,308,400. Insiders own 1.60% of the company’s stock.

Shares of FISV stock traded up $0.35 during trading hours on Friday, reaching $103.93. The company had a trading volume of 3,004,717 shares, compared to its average volume of 4,695,580. 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 Inc has a twelve month low of $73.50 and a twelve month high of $125.05. The company has a market capitalization of $69.35 billion, a P/E ratio of 57.10, a price-to-earnings-growth ratio of 1.83 and a beta of 0.84. The stock’s fifty day simple moving average is $98.55 and its 200 day simple moving average is $109.12.

Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was up 150.9% compared to the same quarter last year. As a group, equities analysts expect that Fiserv Inc will post 4.36 earnings per share for the current year.

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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