South Texas Money Management Ltd. Holds Holdings in Fiserv, Inc. (FISV)
South Texas Money Management Ltd. held its stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,328 shares of the business services provider’s stock at the close of the 2nd quarter. South Texas Money Management Ltd.’s holdings in Fiserv were worth $1,508,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its holdings in Fiserv by 8.2% in the second 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 during the period. Chicago Partners Investment Group LLC acquired a new stake in Fiserv in the second quarter valued at approximately $104,000. Acrospire Investment Management LLC acquired a new stake in Fiserv in the second quarter valued at approximately $122,000. Trust Co. of Vermont grew its holdings in Fiserv by 53.3% in the second 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 during the period. Finally, Morgan Dempsey Capital Management LLC grew its holdings in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 33 shares during the period. 87.72% of the stock is currently owned by institutional investors.
Shares of Fiserv, Inc. (NASDAQ FISV) traded up 0.03% during mid-day trading on Wednesday, hitting $125.21. The stock had a trading volume of 110,996 shares. The company has a market cap of $26.35 billion, a PE ratio of 30.65 and a beta of 0.82. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35. The stock has a 50 day moving average price of $123.36 and a 200-day moving average price of $121.49.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the 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 firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
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In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Insiders sold a total of 57,124 shares of company stock valued at $7,105,383 over the last ninety days. 1.80% of the stock is currently owned by company insiders.
FISV has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $146.25 price objective (up from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Robert W. Baird reissued an “outperform” rating and issued a $134.00 price objective (up from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Cantor Fitzgerald reissued a “hold” rating and issued a $118.00 price objective on shares of Fiserv in a report on Tuesday, June 20th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $131.00 to $136.00 in a report on Monday, July 17th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and a consensus price target of $127.05.
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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