Huntington National Bank lowered its position in Fiserv Inc. (NASDAQ:FISV) by 17.8% during the second quarter, Holdings Channel reports. The fund owned 82,436 shares of the company’s stock after selling 17,892 shares during the period. Huntington National Bank’s holdings in Fiserv were worth $8,964,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the company. Insight Capital Research & Management Inc. acquired a new stake in Fiserv during the second quarter worth $2,893,000. First National Trust Co. raised its stake in Fiserv by 7.8% in the second quarter. First National Trust Co. now owns 5,857 shares of the company’s stock worth $637,000 after buying an additional 423 shares in the last quarter. First Midwest Bank Trust Division raised its stake in Fiserv by 7.8% in the second quarter. First Midwest Bank Trust Division now owns 4,853 shares of the company’s stock worth $527,000 after buying an additional 350 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in Fiserv by 71.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 12,350 shares of the company’s stock worth $1,343,000 after buying an additional 5,130 shares in the last quarter. Finally, Conning Inc. raised its stake in Fiserv by 1.2% in the second quarter. Conning Inc. now owns 7,374 shares of the company’s stock worth $802,000 after buying an additional 90 shares in the last quarter. 87.25% of the stock is currently owned by hedge funds and other institutional investors.
Fiserv Inc. (NASDAQ:FISV) traded down 0.36% during trading on Thursday, reaching $99.73. 846,086 shares of the company traded hands. The company’s 50-day moving average price is $101.05 and its 200 day moving average price is $103.61. Fiserv Inc. has a 52 week low of $85.63 and a 52 week high of $111.51. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of 25.32 and a beta of 0.91.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. On average, equities research analysts expect that Fiserv Inc. will post $4.44 EPS for the current year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Jefferies Group upped their price objective on shares of Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Barclays PLC upped their price objective on shares of Fiserv from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their price objective on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. One equities 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 company. Fiserv currently has a consensus rating of “Hold” and a consensus target price of $105.71.
In related news, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction on Monday, September 12th. The shares were 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $101.84, for a total transaction of $1,222,080.00. Following the completion of the sale, the insider now owns 336,994 shares in the company, valued at approximately $34,319,468.96. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate 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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