South State Corp trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 5.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,064 shares of the business services provider’s stock after selling 3,433 shares during the quarter. Fiserv accounts for approximately 1.0% of South State Corp’s investment portfolio, making the stock its 29th biggest holding. South State Corp’s holdings in Fiserv were worth $7,960,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its stake 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 worth $109,000 after acquiring an additional 64 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Fiserv during the 2nd quarter worth about $104,000. Trust Co. of Vermont boosted its stake 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 worth $159,000 after acquiring an additional 453 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in shares of Fiserv by 2.3% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after acquiring an additional 33 shares in the last quarter. Finally, Pegasus Partners Ltd. purchased a new stake in shares of Fiserv during the 2nd quarter worth about $200,000. 87.72% of the stock is currently owned by institutional investors.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the transaction, the insider now owns 269,151 shares in the company, valued at $32,841,805.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 51,000 shares of company stock valued at $6,342,700. 1.80% of the stock is currently owned by company insiders.
Fiserv, Inc. (NASDAQ FISV) traded up 0.15% during mid-day trading on Tuesday, reaching $124.51. 147,524 shares of the company’s stock were exchanged. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35. The stock has a market capitalization of $26.20 billion, a PE ratio of 30.48 and a beta of 0.82. The firm’s 50-day moving average is $123.77 and its 200 day moving average is $121.12.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. Analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
FISV has been the topic of several recent analyst reports. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Wednesday, July 19th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Wedbush reissued an “outperform” rating and set a $146.25 target price (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Finally, Robert W. Baird reissued an “outperform” rating and set a $134.00 target price (up from $128.00) on shares of Fiserv in a research note on Wednesday, June 14th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price 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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