Moody Lynn & Lieberson LLC cut its position in shares of Fiserv Inc. (NASDAQ:FISV) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 41,815 shares of the company’s stock after selling 148 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Fiserv were worth $4,547,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Virginia Retirement System acquired a new stake in Fiserv during the first quarter worth $380,000. Franklin Resources Inc. boosted its stake in 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. NN Investment Partners Holdings N.V. purchased a new position in shares of Fiserv during the first quarter valued at about $141,000. BB&T Securities LLC raised its position in shares of Fiserv by 329.7% in the first quarter. BB&T Securities LLC now owns 32,212 shares of the company’s stock valued at $3,304,000 after buying an additional 24,715 shares during the last quarter. Finally, Miles Capital Inc. purchased a new position in shares of Fiserv during the first quarter valued at about $467,000. Institutional investors own 87.24% of the company’s stock.
Fiserv Inc. (NASDAQ:FISV) traded down 0.25% during midday trading on Wednesday, hitting $99.81. 1,198,383 shares of the stock were exchanged. Fiserv Inc. has a 52 week low of $85.63 and a 52 week high of $111.51. The firm’s 50-day moving average is $100.69 and its 200 day moving average is $103.57. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 25.34 and a beta of 0.91.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 EPS. Equities research analysts expect that Fiserv Inc. will post $4.44 EPS for the current fiscal year.
Several brokerages have issued reports on FISV. Zacks Investment Research lowered Fiserv from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Jefferies Group raised their price objective on Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Barclays PLC raised their price objective on Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $101.00 price objective on shares of Fiserv in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG raised their price objective on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, ten have given 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 related news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $34,319,468.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by 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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