Glenview Trust Co Makes New $785,000 Investment in Fiserv, Inc. $FISV

Glenview Trust Co acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,001 shares of the business services provider’s stock, valued at approximately $785,000.

Several other large investors have also modified their holdings of the stock. Dodge & Cox purchased a new stake in shares of Fiserv in the 4th quarter valued at about $3,323,210,000. BlackRock Inc. purchased a new position in Fiserv during the 2nd quarter worth approximately $2,079,711,000. State Street Corp acquired a new position in Fiserv during the fourth quarter worth approximately $1,588,663,000. Geode Capital Management LLC acquired a new position in Fiserv during the fourth quarter worth approximately $854,215,000. Finally, Amundi purchased a new stake in Fiserv in the fourth quarter valued at approximately $825,819,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $53.18 on Friday. The business has a 50 day simple moving average of $51.76 and a 200-day simple moving average of $55.60. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $138.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $28.28 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 3.96 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd purchased 10,060 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer directly owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FISV shares. Robert W. Baird set a $78.00 target price on shares of Fiserv in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a research report on Friday, August 7th. Citigroup reissued a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Wells Fargo & Company set a $56.00 price objective on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, Mizuho reduced their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $74.20.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.