SVA Plumb Wealth Management LLC reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,002 shares of the business services provider’s stock after selling 440 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Fiserv were worth $6,729,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of FISV. Chicago Partners Investment Group LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth $104,000. Parallel Advisors LLC boosted its position in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after purchasing an additional 453 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in shares of Fiserv by 2.3% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after purchasing an additional 33 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new stake in shares of Fiserv during the 2nd quarter worth $200,000. Institutional investors own 87.72% of the company’s stock.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the transaction, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 51,000 shares of company stock valued at $6,342,700 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.
Several brokerages have commented on FISV. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 target price (up from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Robert W. Baird restated a “buy” rating and set a $136.00 target price on shares of Fiserv in a research report on Friday. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Barclays PLC restated an “equal weight” rating and set a $123.00 target price (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Finally, Cowen and Company restated a “hold” rating and set a $115.00 target price on shares of Fiserv in a research report on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $127.05.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded up 0.173% on Tuesday, reaching $124.535. 137,767 shares of the company traded hands. The company has a market capitalization of $26.21 billion, a PE ratio of 30.486 and a beta of 0.82. The firm has a 50-day moving average of $123.77 and a 200-day moving average of $121.12. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ 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 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 business earned $1.08 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.