First National Trust Co cut its holdings in Fiserv Inc (NASDAQ:FISV) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,770 shares of the business services provider’s stock after selling 1,862 shares during the quarter. First National Trust Co’s holdings in Fiserv were worth $232,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in Fiserv by 10.9% in the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock valued at $10,400,000 after buying an additional 7,944 shares during the last quarter. Huntington National Bank raised its stake in Fiserv by 3.1% in the third quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock valued at $28,259,000 after buying an additional 6,646 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in Fiserv in the third quarter valued at about $1,290,000. Atlanta Capital Management Co. L L C raised its stake in Fiserv by 2.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 390,692 shares of the business services provider’s stock valued at $47,798,000 after buying an additional 8,832 shares during the last quarter. Finally, Westpac Banking Corp raised its stake in shares of Fiserv by 323.3% in the third quarter. Westpac Banking Corp now owns 58,407 shares of the business services provider’s stock worth $7,532,000 after purchasing an additional 44,609 shares during the last quarter. Institutional investors own 88.50% of the company’s stock.

Fiserv Inc (NASDAQ:FISV) opened at $138.11 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $28,780.00, a P/E ratio of 32.81, a P/E/G ratio of 2.09 and a beta of 0.82. Fiserv Inc has a 12-month low of $104.51 and a 12-month high of $139.25.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 earnings per share. equities analysts predict that Fiserv Inc will post 5.08 EPS for the current year.

Several brokerages have recently issued reports on FISV. Credit Suisse Group raised their price objective on Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a research note on Wednesday. Argus set a $148.00 price objective on Fiserv and gave the stock a “buy” rating in a research note on Friday, January 12th. Barclays restated a “hold” rating and issued a $141.00 price objective on shares of Fiserv in a research note on Friday, January 5th. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $133.72.

In related news, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares in the company, valued at $2,583,780.57. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is owned by company insiders.

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About Fiserv

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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