First National Bank of Omaha cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,881 shares of the business services provider’s stock after selling 6,307 shares during the period. First National Bank of Omaha’s holdings in Fiserv were worth $5,246,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC increased its position in shares of Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock valued at $247,000 after buying an additional 10 shares during the period. Ropes Wealth Advisors LLC increased its position in shares of Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock valued at $418,000 after buying an additional 13 shares during the period. Morgan Dempsey Capital Management LLC increased its position in shares of Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the period. Peoples Bank OH increased its position in shares of Fiserv by 0.8% in the first quarter. Peoples Bank OH now owns 6,170 shares of the business services provider’s stock valued at $711,000 after buying an additional 50 shares during the period. Finally, OLD National Bancorp IN increased its position in shares of Fiserv by 2.8% in the second quarter. OLD National Bancorp IN now owns 1,912 shares of the business services provider’s stock valued at $234,000 after buying an additional 52 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 mid-day trading on Friday, hitting $120.36. 929,030 shares of the company’s stock were exchanged. The company has a market capitalization of $25.33 billion, a price-to-earnings ratio of 29.46 and a beta of 0.81. The firm has a 50 day moving average price of $124.23 and a 200-day moving average price of $119.56. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current year.
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A number of research firms have commented on FISV. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Wednesday, July 19th. BMO Capital Markets increased their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Cantor Fitzgerald increased their price objective on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $128.00 price objective (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Nine equities 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. The stock has an average rating of “Buy” and an average price target of $126.91.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $121.85, for a total value of $2,071,450.00. Following the sale, the insider now owns 323,776 shares in the company, valued at approximately $39,452,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 51,000 shares of company stock worth $6,339,810 in the last 90 days. 1.80% of the stock is owned by corporate insiders.
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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