Peapack Gladstone Financial Corp Continues to Hold Position in Fiserv, Inc. (FISV)
Peapack Gladstone Financial Corp maintained its position in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the business services provider’s stock at the end of the 2nd quarter. Peapack Gladstone Financial Corp’s holdings in Fiserv were worth $722,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Fiserv during the 2nd quarter valued at $104,000. Acrospire Investment Management LLC bought a new position in shares of Fiserv during the 2nd quarter valued at $122,000. Trust Co. of Vermont raised its holdings in shares of Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 453 shares in the last quarter. Finally, Sun Life Financial INC raised its holdings in shares of Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the transaction, the insider now directly owns 330,835 shares in the company, valued at $41,533,025.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock worth $7,113,543 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
Shares of Fiserv, Inc. (NASDAQ:FISV) traded down 0.97% during mid-day trading on Friday, hitting $127.66. 242,739 shares of the stock traded hands. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.81. The firm has a market capitalization of $26.87 billion, a P/E ratio of 31.25 and a beta of 0.82. The company’s 50 day moving average is $124.54 and its 200 day moving average is $122.31.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company posted $1.08 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.
A number of research analysts have recently weighed in on the stock. Barclays PLC restated an “equal weight” rating and set a $123.00 price target (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cantor Fitzgerald restated a “hold” rating and set a $118.00 price target on shares of Fiserv in a report on Tuesday, June 20th. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, July 19th. Finally, Robert W. Baird restated a “buy” rating and set a $136.00 price target on shares of Fiserv in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $127.05.
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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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