The Whittier Trust Co. Maintains Position in Fiserv Inc. (FISV)

The Whittier Trust Co. Maintains Position in Fiserv Inc. (FISV)

Whittier Trust Co. maintained its stake in Fiserv Inc. (NASDAQ:FISV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,204 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Fiserv were worth $348,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Fiserv by 6.0% in the first quarter. Wellington Management Group LLP now owns 2,244,674 shares of the company’s stock valued at $230,259,000 after buying an additional 126,992 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Fiserv by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 1,579,219 shares of the company’s stock valued at $161,997,000 after buying an additional 71,406 shares during the period. Credit Agricole S A increased its stake in shares of Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock valued at $91,946,000 after buying an additional 733,391 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Fiserv by 7.0% in the first quarter. Pictet Asset Management Ltd. now owns 850,510 shares of the company’s stock valued at $81,334,000 after buying an additional 55,400 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Fiserv by 42.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 486,150 shares of the company’s stock valued at $49,869,000 after buying an additional 145,900 shares during the period. 87.25% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Inc. (NASDAQ:FISV) traded down 0.11% during midday trading on Thursday, reaching $99.98. 560,349 shares of the company were exchanged. The firm’s 50-day moving average is $101.05 and its 200-day moving average is $103.61. The firm has a market cap of $21.98 billion, a P/E ratio of 25.38 and a beta of 0.91. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $0.95 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that Fiserv Inc. will post $4.44 EPS for the current fiscal year.

FISV has been the topic of several recent research reports. Jefferies Group reaffirmed a “buy” rating and issued a $121.00 price target on shares of Fiserv in a report on Monday, September 26th. Monness Crespi & Hardt raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday, October 4th. Wedbush reissued an “outperform” rating and set a $115.00 price objective on shares of Fiserv in a research note on Thursday, September 8th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $112.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and an average price target of $105.71.

In related news, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the completion of the sale, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $100.46, for a total transaction of $1,205,520.00. Following the sale, the insider now owns 323,994 shares of the company’s stock, valued at $32,548,437.24. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.

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