Butensky & Cohen Financial Security Inc. lowered its position in Fiserv Inc. (NASDAQ:FISV) by 15.6% during the second quarter, Holdings Channel reports. The institutional investor owned 11,115 shares of the company’s stock after selling 2,060 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Fiserv were worth $1,209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. MAI Capital Management boosted its position in Fiserv by 1.2% in the second quarter. MAI Capital Management now owns 3,744 shares of the company’s stock worth $407,000 after buying an additional 44 shares in the last quarter. Bank of Stockton boosted its stake in shares of Fiserv by 1.4% in the second quarter. Bank of Stockton now owns 7,485 shares of the company’s stock worth $814,000 after buying an additional 105 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Fiserv by 5.2% in the second quarter. Checchi Capital Advisers LLC now owns 2,329 shares of the company’s stock worth $253,000 after buying an additional 115 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of Fiserv by 3.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 4,130 shares of the company’s stock worth $424,000 after buying an additional 130 shares during the period. Finally, First Manhattan Co. boosted its stake in shares of Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock worth $177,000 after buying an additional 134 shares during the period. Institutional investors own 87.31% of the company’s stock.

Fiserv Inc. (NASDAQ:FISV) traded up 0.09% on Monday, hitting $99.30. 706,658 shares of the stock traded hands. The firm’s 50-day moving average price is $103.05 and its 200-day moving average price is $103.50. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 25.21 and a beta of 0.95. Fiserv Inc. has a 12-month low of $84.48 and a 12-month high of $111.51.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv Inc. will post $4.44 EPS for the current fiscal year.

A number of equities research analysts have recently commented on FISV shares. Jefferies Group increased their target price on shares of Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Thursday, August 4th. Barclays PLC increased their target price on shares of Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $112.00 target price on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $101.00 target price on shares of Fiserv in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $104.00.

In related news, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total value of $1,329,600.00. Following the completion of the transaction, the insider now owns 344,994 shares of the company’s stock, valued at approximately $38,225,335.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate 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.

5 Day Chart for NASDAQ:FISV

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