Trading Report: The Roberts Glore & Co. Inc. IL Sold shares of Fiserv Inc. (FISV)

The Roberts Glore & Co. Inc. IL Sold shares of Fiserv Inc. (FISV)

Roberts Glore & Co. Inc. IL reduced its position in shares of Fiserv Inc. (NASDAQ:FISV) by 18.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,700 shares of the company’s stock after selling 820 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Fiserv were worth $402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP increased 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 worth $230,259,000 after buying an additional 126,992 shares during the last quarter. UBS Asset Management Americas Inc. increased its position 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 last quarter. Pictet Asset Management Ltd. increased its position 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 last quarter. Adage Capital Partners GP L.L.C. increased 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. Finally, New York State Teachers Retirement System increased its position in shares of Fiserv by 1.5% in the second quarter. New York State Teachers Retirement System now owns 444,203 shares of the company’s stock valued at $48,298,000 after buying an additional 6,443 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Fiserv Inc. (NASDAQ:FISV) traded down 0.21% during trading on Monday, hitting $99.85. The stock had a trading volume of 773,529 shares. The stock’s 50-day moving average is $100.88 and its 200 day moving average is $103.59. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 25.35 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 quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Fiserv’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Fiserv Inc. will post $4.44 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Jefferies Group upped their target price on Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Barclays PLC upped their target price on Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and set a $101.00 target price on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their target price on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $105.71.

In other Fiserv news, insider Rahul Gupta sold 15,225 shares of the company’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 sale, the insider now owns 66,129 shares in the company, valued at $6,680,351.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $101.84, for a total value of $1,222,080.00. Following the sale, the insider now owns 336,994 shares in the company, valued at approximately $34,319,468.96. The disclosure for this sale can be found here. Company 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.

Related posts

Leave a Comment