Trade Report: The Nicolet Bankshares Inc. Cuts Position in Fiserv Inc. (FISV)

The Nicolet Bankshares Inc. Cuts Position in Fiserv Inc. (FISV)

Nicolet Bankshares Inc. lowered its stake in Fiserv Inc. (NASDAQ:FISV) by 3.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,987 shares of the company’s stock after selling 245 shares during the period. Nicolet Bankshares Inc.’s holdings in Fiserv were worth $651,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Fiserv during the second quarter valued at about $36,230,000. Franklin Resources Inc. boosted its position in shares of Fiserv by 87.5% in the first quarter. Franklin Resources Inc. now owns 347,523 shares of the company’s stock valued at $35,649,000 after buying an additional 162,130 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position 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 last quarter. Wellington Management Group LLP boosted its position 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 last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of Fiserv during the second quarter valued at about $13,776,000. Institutional investors own 87.24% of the company’s stock.

Shares of Fiserv Inc. (NASDAQ:FISV) traded down 0.21% during midday trading on Monday, hitting $99.85. 773,529 shares of the stock were exchanged. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51. The firm has a 50 day moving average of $100.88 and a 200-day moving average of $103.59. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 25.35 and a beta of 0.91.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.01. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The business earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous 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. Equities analysts expect that Fiserv Inc. will post $4.44 EPS for the current year.

Several analysts have commented on FISV shares. Jefferies Group reissued a “buy” rating and set a $121.00 price target on shares of Fiserv in a research 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 target for the company in a research report on Tuesday, October 4th. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Fiserv in a research report 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 target for the company in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $112.00 price target on shares of Fiserv in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $105.71.

In related news, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was 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 owns 66,129 shares in the company, valued at $6,680,351.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the business’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 value of $1,205,520.00. Following the sale, the insider now owns 323,994 shares of the company’s stock, valued at approximately $32,548,437.24. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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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