Fiserv, Inc. (NASDAQ:FISV) Stake Held by Ferguson Wellman Capital Management Inc.
Ferguson Wellman Capital Management Inc. maintained its position in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,558 shares of the business services provider’s stock at the end of the second quarter. Ferguson Wellman Capital Management Inc.’s holdings in Fiserv were worth $558,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan Co. increased its position in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Fiserv during the first quarter valued at about $131,000. Trust Co. of Vermont increased its stake in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after buying an additional 453 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the last quarter. Finally, University of Texas Investment Managment Co. acquired a new stake in shares of Fiserv during the first quarter valued at $184,000. 87.60% of the stock is currently owned by institutional investors.
Shares of Fiserv, Inc. (NASDAQ FISV) traded up 0.29% during trading on Friday, reaching $122.84. The company had a trading volume of 449,430 shares. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 30.07 and a beta of 0.81. The firm has a 50 day moving average price of $124.30 and a 200 day moving average price of $119.03.
Fiserv (NASDAQ:FISV) last posted its 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. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $128.00 target price (up previously from $123.00) on shares of Fiserv in a research note on Tuesday. Cowen and Company reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, August 3rd. Credit Suisse Group lifted their price target on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Barclays PLC restated an “equal weight” rating and issued a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Finally, BMO Capital Markets lifted their target price on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $126.91.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the sale, the insider now owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 51,000 shares of company stock worth $6,339,810 in the last ninety days. 1.80% of the stock is currently owned by insiders.
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.
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