OLD National Bancorp IN Has $370,000 Stake in Fiserv Inc (FISV)

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.

FISV has been the topic of several research reports. Keefe, Bruyette & Woods initiated coverage on Fiserv in a report on Monday, April 8th. They set a “market perform” rating and a $101.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. Cantor Fitzgerald restated a “hold” rating and set a $73.00 price objective on shares of Fiserv in a report on Wednesday, January 16th. Finally, Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.50 to $88.00 in a report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $88.57.

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.

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About Fiserv

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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