Cognios Capital LLC Reduces Stake in Fiserv Inc (FISV)

Cognios Capital LLC decreased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,207 shares of the business services provider’s stock after selling 4,241 shares during the quarter. Cognios Capital LLC’s holdings in Fiserv were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Fiserv by 10.9% during the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after buying an additional 7,944 shares in the last quarter. Huntington National Bank grew its holdings in shares of Fiserv by 3.1% during the third quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock worth $28,259,000 after buying an additional 6,646 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Fiserv during the third quarter worth $1,290,000. American National Bank grew its holdings in shares of Fiserv by 2.8% during the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock worth $5,356,000 after buying an additional 1,115 shares in the last quarter. Finally, Westpac Banking Corp grew its holdings 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 valued at $7,532,000 after purchasing an additional 44,609 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on FISV shares. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Barclays reissued a “hold” rating and issued a $141.00 price objective on shares of Fiserv in a report on Friday, January 5th. SunTrust Banks reissued a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Finally, Credit Suisse Group upped their price objective on shares of Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Fiserv presently has an average rating of “Hold” and a consensus price target of $139.86.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is currently owned by insiders.

Fiserv Inc (NASDAQ:FISV) opened at $137.46 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $26,918.95, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. Fiserv Inc has a 12 month low of $108.85 and a 12 month high of $144.20.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 46.18%. Fiserv’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 earnings per share. equities analysts forecast that Fiserv Inc will post 5.74 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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