FTB Advisors Inc. Lowers Stock Holdings in Fiserv Inc (NASDAQ:FISV)

FTB Advisors Inc. lowered its position in shares of Fiserv Inc (NASDAQ:FISV) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,424 shares of the business services provider’s stock after selling 733 shares during the period. FTB Advisors Inc.’s holdings in Fiserv were worth $8,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Bremer Bank National Association purchased a new position in Fiserv in the 1st quarter worth about $25,000. Advantage Investment Management LLC lifted its holdings in Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in Fiserv by 523.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after buying an additional 314 shares during the period. Oakworth Capital Inc. bought a new position in Fiserv in the 2nd quarter worth approximately $36,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Fiserv by 74.4% during the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 198 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Fiserv from $97.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Berenberg Bank assumed coverage on Fiserv in a research report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price objective on the stock. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. William Blair restated an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada set a $106.00 price objective on Fiserv and gave the company a “buy” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $97.88.

In related news, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $94.25, for a total transaction of $1,885,000.00. Following the transaction, the insider now owns 331,429 shares in the company, valued at approximately $31,237,183.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 60,000 shares of company stock valued at $5,733,600. Insiders own 1.40% of the company’s stock.

Fiserv stock traded up $0.04 during trading on Tuesday, hitting $107.79. The stock had a trading volume of 77,718 shares, compared to its average volume of 8,379,528. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $108.57. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock’s 50 day moving average is $99.49 and its two-hundred day moving average is $89.90. The stock has a market cap of $42.15 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.43 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv Inc will post 3.68 EPS for the current fiscal year.

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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