North Star Asset Management Inc. maintained its position in shares of Fiserv Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,094 shares of the company’s stock at the end of the second quarter. Fiserv accounts for 1.3% of North Star Asset Management Inc.’s investment portfolio, making the stock its 17th largest position. North Star Asset Management Inc.’s holdings in Fiserv were worth $10,985,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of FISV. Glenmede Trust Co. NA raised its position in shares of Fiserv by 91.2% in the first quarter. Glenmede Trust Co. NA now owns 8,709 shares of the company’s stock worth $893,000 after buying an additional 4,153 shares in the last quarter. Virginia Retirement System bought a new position in shares of Fiserv during the first quarter worth approximately $380,000. CIBC World Markets Inc. raised its position in shares of Fiserv by 20.1% in the first quarter. CIBC World Markets Inc. now owns 9,103 shares of the company’s stock worth $934,000 after buying an additional 1,524 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of Fiserv by 2.5% in the first quarter. Teachers Advisors Inc. now owns 299,803 shares of the company’s stock worth $30,754,000 after buying an additional 7,306 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Fiserv by 87.5% in the first quarter. Franklin Resources Inc. now owns 347,523 shares of the company’s stock worth $35,649,000 after buying an additional 162,130 shares in the last quarter. 87.25% of the stock is currently owned by institutional investors and hedge funds.
Fiserv Inc. (NASDAQ:FISV) traded down 0.82% during trading on Friday, hitting $99.98. The company had a trading volume of 1,525,992 shares. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51. The company has a market capitalization of $21.98 billion, a price-to-earnings ratio of 25.38 and a beta of 0.91. The stock has a 50-day moving average of $101.40 and a 200 day moving average of $103.62.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities analysts forecast that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
FISV has been the topic of a number of research analyst reports. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a report on Tuesday, July 5th. Barclays PLC raised their target price on Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 7th. Deutsche Bank AG raised their target price on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $112.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $105.71.
In other Fiserv news, insider Rahul Gupta sold 15,225 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 66,129 shares in the company, valued at $6,680,351.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total value of $1,329,600.00. Following the completion of the sale, the insider now owns 344,994 shares in the company, valued at approximately $38,225,335.20. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
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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