Capital City Trust Co. FL decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,408 shares of the business services provider’s stock after selling 2,120 shares during the period. Fiserv comprises 1.2% of Capital City Trust Co. FL’s holdings, making the stock its 22nd largest position. Capital City Trust Co. FL’s holdings in Fiserv were worth $2,986,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of Fiserv during the first quarter valued at approximately $531,000. Hall Laurie J Trustee increased its stake in Fiserv by 1.9% in the first quarter. Hall Laurie J Trustee now owns 10,630 shares of the business services provider’s stock worth $1,229,000 after buying an additional 200 shares during the period. Bank of Montreal Can increased its stake in Fiserv by 1.9% in the first quarter. Bank of Montreal Can now owns 210,899 shares of the business services provider’s stock worth $24,319,000 after buying an additional 3,899 shares during the period. National Pension Service increased its stake in Fiserv by 0.7% in the first quarter. National Pension Service now owns 183,305 shares of the business services provider’s stock worth $21,251,000 after buying an additional 1,304 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in Fiserv by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 68,856 shares of the business services provider’s stock worth $7,939,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 88.03% of the company’s stock.
Shares of Fiserv, Inc. (FISV) traded down 0.60% during midday trading on Friday, hitting $120.36. 929,030 shares of the company’s stock were exchanged. The firm has a market cap of $25.33 billion, a PE ratio of 29.46 and a beta of 0.81. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35. The stock’s 50-day moving average price is $124.23 and its 200 day moving average price is $119.56.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts forecast that Fiserv, Inc. will post $5.10 EPS for the current year.
Several equities analysts recently commented on FISV shares. Royal Bank Of Canada reiterated a “hold” rating and set a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Credit Suisse Group restated a “hold” rating and issued a $116.00 target price on shares of Fiserv in a research note on Friday, April 28th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price target for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Finally, BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $126.91.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value of $2,142,340.00. Following the transaction, the insider now directly owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 51,000 shares of company stock valued at $6,339,810. Corporate insiders own 1.80% of the company’s stock.
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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