Argent Trust Co Purchases 154 Shares of Fiserv Inc (NASDAQ:FISV)

Argent Trust Co boosted its position in Fiserv Inc (NASDAQ:FISV) by 1.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,431 shares of the business services provider’s stock after purchasing an additional 154 shares during the quarter. Argent Trust Co’s holdings in Fiserv were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashfield Capital Partners LLC raised its holdings in Fiserv by 35.1% in the fourth quarter. Ashfield Capital Partners LLC now owns 68,635 shares of the business services provider’s stock worth $7,936,000 after purchasing an additional 17,819 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Fiserv during the fourth quarter valued at about $201,000. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Fiserv by 1.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 304,850 shares of the business services provider’s stock valued at $35,250,000 after acquiring an additional 4,104 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Fiserv by 0.4% during the fourth quarter. Eagle Asset Management Inc. now owns 60,136 shares of the business services provider’s stock valued at $6,953,000 after acquiring an additional 267 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Fiserv by 0.3% during the fourth quarter. California Public Employees Retirement System now owns 3,737,687 shares of the business services provider’s stock valued at $432,189,000 after acquiring an additional 12,653 shares in the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

In other news, CEO Jeffery W. Yabuki sold 300,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $104.78, for a total transaction of $31,434,000.00. Following the transaction, the chief executive officer now owns 357,023 shares in the company, valued at approximately $37,408,869.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $93.57, for a total value of $1,871,400.00. Following the transaction, the chief executive officer now owns 385,537 shares in the company, valued at approximately $36,074,697.09. The disclosure for this sale can be found here. Insiders have sold a total of 330,000 shares of company stock worth $34,308,400 in the last quarter. Insiders own 1.60% of the company’s stock.

Several research firms have recently issued reports on FISV. Barclays upped their price objective on shares of Fiserv from $124.00 to $129.00 and gave the company an “overweight” rating in a report on Monday, May 11th. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Robert W. Baird cut their price objective on shares of Fiserv from $143.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Susquehanna Bancshares upgraded shares of Fiserv from a “neutral” rating to a “positive” rating and increased their price target for the stock from $108.00 to $114.00 in a report on Thursday, May 14th. Finally, Citigroup increased their price target on shares of Fiserv from $110.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $120.39.

Fiserv stock traded up $0.35 during mid-day trading on Friday, hitting $103.93. The company had a trading volume of 3,004,717 shares, compared to its average volume of 4,695,580. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65. Fiserv Inc has a 12-month low of $73.50 and a 12-month high of $125.05. The company’s fifty day moving average is $98.55 and its 200-day moving average is $109.12. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 57.10, a P/E/G ratio of 1.83 and a beta of 0.84.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.99. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The business’s quarterly revenue was up 150.9% compared to the same quarter last year. As a group, sell-side analysts expect that Fiserv Inc will post 4.36 EPS for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Further Reading: Straddles

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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