Capital City Trust Co. FL decreased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,433 shares of the business services provider’s stock after selling 975 shares during the quarter. Fiserv makes up approximately 1.3% of Capital City Trust Co. FL’s holdings, making the stock its 21st biggest holding. Capital City Trust Co. FL’s holdings in Fiserv were worth $3,022,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FISV. Acrospire Investment Management LLC bought a new position in Fiserv in the 2nd quarter worth about $122,000. Sun Life Financial INC grew its position in Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the last quarter. Coastline Trust Co bought a new position in Fiserv in the 3rd quarter worth about $202,000. Trustmark National Bank Trust Department bought a new position in Fiserv in the 2nd quarter worth about $204,000. Finally, Paragon Capital Management Ltd bought a new position in Fiserv in the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 88.50% of the company’s stock.
Fiserv Inc (NASDAQ:FISV) traded up $0.74 during trading on Wednesday, hitting $138.25. 1,521,278 shares of the stock traded hands, compared to its average volume of 776,843. Fiserv Inc has a twelve month low of $104.51 and a twelve month high of $139.25. The company has a market capitalization of $28,810.00, a PE ratio of 32.84, a PEG ratio of 2.08 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.
Several research analysts have commented on the stock. Credit Suisse Group upped their target price on shares of Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday. Argus set a $148.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday, January 12th. Barclays restated a “hold” rating and issued a $141.00 target price on shares of Fiserv in a research report on Friday, January 5th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $130.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $133.72.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total transaction of $2,230,060.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,439 shares of company stock valued at $4,249,323. Company insiders own 1.80% of the company’s stock.
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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