Cadence Bank NA Acquires 153 Shares of Fiserv Inc (FISV)

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Cadence Bank NA increased its holdings in Fiserv Inc (NASDAQ:FISV) by 1.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,195 shares of the business services provider’s stock after purchasing an additional 153 shares during the quarter. Cadence Bank NA’s holdings in Fiserv were worth $900,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. We Are One Seven LLC acquired a new position in Fiserv in the 4th quarter valued at about $27,000. Sontag Advisory LLC acquired a new position in Fiserv in the 4th quarter valued at about $27,000. JOYN Advisors Inc. raised its stake in Fiserv by 80.0% in the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Destination Wealth Management acquired a new position in Fiserv in the 4th quarter valued at about $30,000. Finally, WESPAC Advisors SoCal LLC acquired a new position in Fiserv in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 87.39% of the company’s stock.

Several research analysts recently weighed in on the stock. Moffett Nathanson assumed coverage on shares of Fiserv in a research note on Tuesday, May 21st. They issued a “buy” rating and a $108.00 target price for the company. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. William Blair reissued an “outperform” rating on shares of Fiserv in a research note on Wednesday, May 1st. Deutsche Bank upped their price objective on shares of Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Finally, BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $89.59.

In related news, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the completion of the sale, the chief executive officer now owns 391,146 shares of the company’s stock, valued at approximately $33,329,550.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total transaction of $177,900.00. Following the sale, the insider now directly owns 371,429 shares of the company’s stock, valued at approximately $33,038,609.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,912 shares of company stock valued at $11,034,771. Corporate insiders own 1.40% of the company’s stock.

NASDAQ FISV opened at $86.90 on Monday. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $91.19. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $34.10 billion, a PE ratio of 28.03, a P/E/G ratio of 2.10 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $0.76 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that Fiserv Inc will post 3.46 earnings per share for the current fiscal year.

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Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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