Fiserv Inc (FISV) Holdings Reduced by Hills Bank & Trust Co.
Hills Bank & Trust Co. trimmed its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,860 shares of the business services provider’s stock after selling 585 shares during the period. Fiserv makes up about 1.7% of Hills Bank & Trust Co.’s investment portfolio, making the stock its 14th largest holding. Hills Bank & Trust Co.’s holdings in Fiserv were worth $5,752,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Acrospire Investment Management LLC purchased a new position in shares of Fiserv in the 2nd quarter worth $122,000. Sun Life Financial INC boosted its stake in shares of Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after buying an additional 1,539 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Fiserv in the 3rd quarter worth $202,000. Trustmark National Bank Trust Department purchased a new position in shares of Fiserv in the 2nd quarter worth $204,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Fiserv in the 3rd quarter worth $206,000. Institutional investors and hedge funds own 88.50% of the company’s stock.
In other news, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,439 shares of company stock worth $4,249,323. Insiders own 1.80% of the company’s stock.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. Fiserv’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. research analysts forecast that Fiserv Inc will post 5.08 EPS for the current year.
FISV has been the topic of a number of research reports. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Royal Bank of Canada restated a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Robert W. Baird restated an “outperform” rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Cowen reiterated a “hold” rating and set a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $132.78.
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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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