OLD National Bancorp IN grew its stake in Fiserv Inc (NASDAQ:FISV) by 53.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,193 shares of the business services provider’s stock after purchasing an additional 1,458 shares during the period. OLD National Bancorp IN’s holdings in Fiserv were worth $370,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. We Are One Seven LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. Sontag Advisory LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. JOYN Advisors Inc. increased its holdings in Fiserv by 80.0% during the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after purchasing an additional 180 shares during the period. Destination Wealth Management purchased a new position in Fiserv during the 4th quarter worth $30,000. Finally, WESPAC Advisors SoCal LLC purchased a new position in Fiserv during the 4th quarter worth $31,000. 90.56% of the stock is owned by institutional investors and hedge funds.
In other news, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the transaction, the director now directly owns 85,610 shares in the company, valued at approximately $7,448,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total value of $4,242,500.00. Following the completion of the transaction, the insider now owns 441,112 shares in the company, valued at $37,428,353.20. The disclosure for this sale can be found here. Insiders sold a total of 157,912 shares of company stock worth $13,389,571 over the last quarter. Company insiders own 1.40% of the company’s stock.
Shares of NASDAQ:FISV opened at $84.46 on Thursday. Fiserv Inc has a 12-month low of $68.45 and a 12-month high of $91.19. The firm has a market capitalization of $33.70 billion, a PE ratio of 27.25, a P/E/G ratio of 2.01 and a beta of 0.80. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $0.76 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv Inc will post 3.45 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/05/16/old-national-bancorp-in-has-370000-stake-in-fiserv-inc-fisv.html.
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: How to Use the New Google Finance Tool
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.