Legacy Private Trust Co. lowered its position in Fiserv Inc (NASDAQ:FISV) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,050 shares of the business services provider’s stock after selling 783 shares during the period. Fiserv comprises approximately 1.7% of Legacy Private Trust Co.’s investment portfolio, making the stock its 15th biggest position. Legacy Private Trust Co.’s holdings in Fiserv were worth $14,431,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of FISV. Acrospire Investment Management LLC acquired a new position in shares of Fiserv in the second quarter worth about $122,000. Sun Life Financial INC raised its position in shares of Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the period. Coastline Trust Co acquired a new position in shares of Fiserv in the third quarter worth about $202,000. Trustmark National Bank Trust Department acquired a new position in shares of Fiserv in the second quarter worth about $204,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Fiserv in the third quarter worth about $206,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
In other 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 value of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,439 shares of company stock valued at $4,249,323. 1.80% of the stock is owned by corporate insiders.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $1.14 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. research analysts anticipate that Fiserv Inc will post 5.08 earnings per share for the current fiscal year.
Several research firms recently weighed in on FISV. Argus set a $148.00 price target on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird restated an “outperform” rating and set a $146.00 price target (up previously from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. SunTrust Banks restated a “hold” rating and set a $130.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Cowen restated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Finally, Barclays restated a “hold” rating and set a $141.00 price target on shares of Fiserv in a research report on Friday, January 5th. Ten 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 target price of $132.78.
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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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