Canandaigua National Bank & Trust Co. Sells 1,117 Shares of Fiserv Inc (FISV)
Canandaigua National Bank & Trust Co. trimmed its stake in Fiserv Inc (NASDAQ:FISV) by 25.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,228 shares of the business services provider’s stock after selling 1,117 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Fiserv were worth $423,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Univest Corp of Pennsylvania bought a new stake in Fiserv in the fourth quarter valued at $202,000. Coastline Trust Co bought a new stake in Fiserv in the third quarter valued at $202,000. Paragon Capital Management Ltd bought a new stake in Fiserv in the third quarter valued at $206,000. Associated Banc Corp bought a new stake in Fiserv in the third quarter valued at $261,000. Finally, Claraphi Advisory Network LLC bought a new stake in Fiserv in the fourth quarter valued at $267,000. Institutional investors own 88.49% of the company’s stock.
A number of equities research analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $160.00 target price on shares of Fiserv in a research note on Monday, January 29th. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Robert W. Baird raised their price target on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Credit Suisse Group raised their price target on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Argus set a $148.00 price target on Fiserv and gave the company a “buy” rating in a report on Friday, January 12th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $137.52.
Fiserv Inc (FISV) opened at $129.17 on Thursday. The company has a market capitalization of $26,920.00, a price-to-earnings ratio of 30.68, a PEG ratio of 1.97 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv Inc has a fifty-two week low of $106.20 and a fifty-two week high of $144.20.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. sell-side analysts predict that Fiserv Inc will post 5.08 EPS for the current fiscal year.
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Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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