Wilbanks Smith & Thomas Asset Management LLC Decreases Holdings in Fiserv, Inc. (FISV)

Wilbanks Smith & Thomas Asset Management LLC lessened its holdings in Fiserv, Inc. (NASDAQ:FISV) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,079 shares of the business services provider’s stock after selling 252 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Fiserv were worth $3,558,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gardiner Nancy B boosted its holdings in Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock worth $1,445,000 after purchasing an additional 762 shares during the period. Atria Investments LLC acquired a new position in Fiserv in the second quarter worth $201,000. Dupont Capital Management Corp boosted its holdings in Fiserv by 6.8% in the second quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after purchasing an additional 826 shares during the period. Great Lakes Advisors LLC boosted its holdings in Fiserv by 2.2% in the second quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after purchasing an additional 378 shares during the period. Finally, Nikko Asset Management Americas Inc. boosted its holdings in Fiserv by 755.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock worth $12,552,000 after purchasing an additional 90,600 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Fiserv, Inc. (NASDAQ:FISV) traded up 0.26% during midday trading on Tuesday, hitting $127.84. 217,837 shares of the company were exchanged. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.81. The firm has a market cap of $26.91 billion, a P/E ratio of 31.29 and a beta of 0.82. The company’s 50 day moving average price is $124.93 and its 200 day moving average price is $122.56.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current year.

In other news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the sale, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock worth $7,113,543 over the last quarter. Company insiders own 1.80% of the company’s stock.

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A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Fiserv from $136.00 to $146.00 and gave the stock an “outperform” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $128.00 price objective on shares of Fiserv in a report on Sunday. Zacks Investment Research downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and a consensus price target of $127.77.

Fiserv 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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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