American National Bank lessened its stake in Fiserv Inc (NASDAQ:FISV) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,441 shares of the business services provider’s stock after selling 376 shares during the quarter. Fiserv comprises 1.9% of American National Bank’s investment portfolio, making the stock its 20th biggest position. American National Bank’s holdings in Fiserv were worth $6,526,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truewealth LLC lifted its position in shares of Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after buying an additional 103 shares during the last quarter. Cordasco Financial Network acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $29,000. Financial Management Professionals Inc. acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $31,000. Liberty Wealth Management LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at approximately $36,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at approximately $41,000. 92.66% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:FISV traded up $0.47 on Friday, reaching $120.68. 3,956,909 shares of the company traded hands, compared to its average volume of 2,911,333. The stock has a market capitalization of $81.73 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. Fiserv Inc has a 52 week low of $75.06 and a 52 week high of $120.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $116.28 and its 200 day simple moving average is $107.13.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. Sell-side analysts expect that Fiserv Inc will post 4.04 EPS for the current fiscal year.
A number of research firms have weighed in on FISV. UBS Group initiated coverage on shares of Fiserv in a report on Monday, October 14th. They set a “buy” rating and a $120.00 target price on the stock. ValuEngine cut shares of Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. SunTrust Banks increased their price target on Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, October 18th. BidaskClub lowered Fiserv from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. Finally, Morgan Stanley began coverage on shares of Fiserv in a research report on Monday, December 16th. They set an “equal weight” rating and a $121.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $110.98.
In other news, insider Guy Chiarello sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $114.28, for a total value of $3,428,400.00. Following the completion of the transaction, the insider now owns 326,103 shares in the company, valued at $37,267,050.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn S. Mccreary sold 18,000 shares of Fiserv stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $111.39, for a total value of $2,005,020.00. Following the completion of the sale, the insider now owns 70,364 shares of the company’s stock, valued at $7,837,845.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,500 shares of company stock valued at $16,777,390. 1.40% of the stock is owned by corporate insiders.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company’s Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.