Fiserv Inc. (FISV) Shares Sold by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC cut its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 58.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,560 shares of the company’s stock after selling 3,565 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in Fiserv were worth $278,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Fiserv during the first quarter worth about $514,000. Aperio Group LLC boosted its stake in shares of Fiserv by 1.4% in the first quarter. Aperio Group LLC now owns 122,091 shares of the company’s stock worth $12,524,000 after buying an additional 1,644 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of Fiserv by 9.7% in the first quarter. Commonwealth Equity Services Inc now owns 15,798 shares of the company’s stock worth $1,621,000 after buying an additional 1,392 shares during the last quarter. Arvest Bank Trust Division boosted its stake in shares of Fiserv by 2.4% in the first quarter. Arvest Bank Trust Division now owns 259,922 shares of the company’s stock worth $26,663,000 after buying an additional 6,198 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of Fiserv by 91.2% in the first quarter. Glenmede Trust Co. NA now owns 8,709 shares of the company’s stock worth $893,000 after buying an additional 4,153 shares during the last quarter. 87.25% of the stock is currently owned by institutional investors and hedge funds.
Fiserv Inc. (NASDAQ:FISV) traded up 2.17% during mid-day trading on Wednesday, reaching $101.50. 1,317,284 shares of the company’s stock traded hands. Fiserv Inc. has a one year low of $84.48 and a one year high of $111.51. The firm’s 50-day moving average price is $102.51 and its 200 day moving average price is $103.50. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 25.77 and a beta of 0.95.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. On average, equities analysts forecast that Fiserv Inc. will post $4.44 EPS for the current year.
A number of brokerages have issued reports on FISV. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Barclays PLC boosted their target price on shares of Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 7th. Jefferies Group boosted their target price on shares of Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Credit Suisse Group AG reissued a “hold” rating and set a $101.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG boosted their target price on shares of Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.00.
In related news, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction 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 transaction, the insider now owns 66,129 shares in the company, valued at approximately $6,680,351.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total transaction of $1,329,600.00. Following the transaction, the insider now owns 344,994 shares in the company, valued at approximately $38,225,335.20. The disclosure for this sale can be found here. 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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