First National Bank of Mount Dora Trust Investment Services raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 89.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,645 shares of the business services provider’s stock after buying an additional 21,120 shares during the quarter. Fiserv makes up approximately 1.9% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 17th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Fiserv were worth $5,315,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Fulton Bank N.A. increased its stake in shares of Fiserv by 5.5% in the 1st quarter. Fulton Bank N.A. now owns 31,841 shares of the business services provider’s stock worth $3,790,000 after acquiring an additional 1,665 shares during the last quarter. Cox Capital Mgt LLC grew its holdings in shares of Fiserv by 0.5% in the first quarter. Cox Capital Mgt LLC now owns 35,230 shares of the business services provider’s stock valued at $4,194,000 after purchasing an additional 158 shares during the period. M&R Capital Management Inc. increased its position in Fiserv by 851.1% during the first quarter. M&R Capital Management Inc. now owns 447 shares of the business services provider’s stock worth $53,000 after purchasing an additional 400 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Fiserv by 133.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 10,572 shares of the business services provider’s stock worth $1,204,000 after purchasing an additional 6,048 shares during the period. Finally, Rollins Financial acquired a new position in Fiserv in the 4th quarter valued at about $800,000. 91.71% of the stock is owned by institutional investors and hedge funds.
Shares of Fiserv stock traded up $0.43 during trading on Thursday, reaching $123.55. The company’s stock had a trading volume of 15,153 shares, compared to its average volume of 4,567,290. The business has a 50 day moving average price of $119.64 and a 200-day moving average price of $110.99. Fiserv, Inc. has a 12-month low of $91.40 and a 12-month high of $126.25. The company has a market capitalization of $82.71 billion, a P/E ratio of 93.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64.
Fiserv (NASDAQ:FISV) last issued its earnings results on Monday, February 8th. The business services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.29 by $0.01. Fiserv had a net margin of 6.01% and a return on equity of 8.75%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s revenue was down 5.3% on a year-over-year basis. Research analysts predict that Fiserv, Inc. will post 4.42 EPS for the current fiscal year.
In related news, insider Guy Chiarello sold 20,000 shares of Fiserv stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $115.18, for a total transaction of $2,303,600.00. Following the completion of the transaction, the insider now directly owns 270,360 shares in the company, valued at approximately $31,140,064.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denis Oleary acquired 9,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 16th. The shares were bought at an average price of $110.99 per share, with a total value of $1,010,009.00. Following the completion of the transaction, the director now directly owns 74,478 shares in the company, valued at $8,266,313.22. The disclosure for this purchase can be found here. 1.60% of the stock is owned by company insiders.
Several analysts have recently commented on FISV shares. Wells Fargo & Company lifted their price target on shares of Fiserv from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 9th. Maxim Group lifted their target price on Fiserv from $123.00 to $136.00 and gave the company a “positive” rating in a research report on Thursday, December 10th. Rosenblatt Securities raised their price objective on Fiserv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Truist boosted their price target on shares of Fiserv from $125.00 to $145.00 in a research note on Wednesday, December 9th. Finally, Morgan Stanley increased their target price on Fiserv from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, February 12th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $129.72.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.
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