Moody National Bank Trust Division lessened its holdings in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,068 shares of the business services provider’s stock after selling 1,850 shares during the quarter. Moody National Bank Trust Division’s holdings in Fiserv were worth $1,426,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Arete Wealth Advisors LLC boosted its holdings in Fiserv by 4.0% during the 4th quarter. Arete Wealth Advisors LLC now owns 2,535 shares of the business services provider’s stock worth $272,000 after acquiring an additional 98 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of Fiserv by 37.9% during the 4th quarter. Bell Investment Advisors Inc now owns 393 shares of the business services provider’s stock worth $41,000 after purchasing an additional 108 shares during the period. Lindbrook Capital LLC raised its stake in shares of Fiserv by 13.2% during the 4th quarter. Lindbrook Capital LLC now owns 951 shares of the business services provider’s stock worth $99,000 after purchasing an additional 111 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Fiserv by 30.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 506 shares of the business services provider’s stock worth $53,000 after purchasing an additional 117 shares during the period. Finally, Institute for Wealth Management LLC. raised its stake in shares of Fiserv by 1.9% during the 4th quarter. Institute for Wealth Management LLC. now owns 6,587 shares of the business services provider’s stock worth $684,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.
A number of equities research analysts have recently commented on the company. Cowen cut Fiserv from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $144.00 to $126.00 in a research note on Tuesday, April 12th. William Blair reiterated an “outperform” rating on shares of Fiserv in a research note on Wednesday, March 9th. Wells Fargo & Company began coverage on Fiserv in a research note on Monday, April 4th. They issued an “overweight” rating and a $122.00 price objective on the stock. The Goldman Sachs Group began coverage on Fiserv in a research note on Tuesday, May 17th. They issued a “neutral” rating and a $108.00 price objective on the stock. Finally, Tigress Financial boosted their price objective on Fiserv from $150.00 to $152.00 in a research note on Friday, May 27th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $125.88.
Fiserv (NASDAQ:FISV – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Fiserv’s revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 6.48 earnings per share for the current year.
In other Fiserv news, COO Guy Chiarello sold 43,000 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $104.31, for a total value of $4,485,330.00. Following the completion of the sale, the chief operating officer now owns 216,864 shares of the company’s stock, valued at $22,621,083.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Holdings L.P. Valueact bought 112,575 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was purchased at an average cost of $94.90 per share, with a total value of $10,683,367.50. Following the purchase, the director now owns 13,147,776 shares of the company’s stock, valued at $1,247,723,942.40. The disclosure for this purchase can be found here. Insiders have bought 1,404,234 shares of company stock valued at $131,032,589 in the last three months. 1.00% of the stock is owned by insiders.
About Fiserv (Get Rating)
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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