Fiserv, Inc. (NASDAQ:FISV) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA decreased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 46.1% during the first quarter, Holdings Channel reports. The fund owned 12,686 shares of the business services provider’s stock after selling 10,858 shares during the period. Fiserv comprises 1.4% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 21st largest position. Security National Bank of Sioux City Iowa IA’s holdings in Fiserv were worth $1,463,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Fiserv by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,783,290 shares of the business services provider’s stock worth $2,396,522,000 after buying an additional 255,329 shares in the last quarter. BlackRock Inc. increased its stake in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock worth $1,654,185,000 after buying an additional 13,827,530 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Fiserv by 2.9% in the first quarter. Alliancebernstein L.P. now owns 3,295,500 shares of the business services provider’s stock worth $380,004,000 after buying an additional 92,251 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Fiserv by 4.8% in the first quarter. Geode Capital Management LLC now owns 2,374,758 shares of the business services provider’s stock worth $273,485,000 after buying an additional 109,251 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Fiserv by 0.3% in the first quarter. American Century Companies Inc. now owns 1,409,340 shares of the business services provider’s stock worth $162,511,000 after buying an additional 4,442 shares in the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 122.77 on Monday. The stock has a 50 day moving average of $123.39 and a 200 day moving average of $115.65. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $127.10. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 30.67 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post $5.12 earnings per share for the current year.

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FISV has been the topic of a number of research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Vetr upgraded shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 target price on the stock in a report on Monday, April 3rd. Guggenheim started coverage on shares of Fiserv in a report on Friday, March 31st. They issued a “neutral” rating and a $118.00 target price on the stock. Credit Suisse Group restated a “hold” rating and issued a $116.00 target price on shares of Fiserv in a report on Friday, April 28th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Fiserv has an average rating of “Hold” and an average target price of $119.25.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the completion of the transaction, the insider now owns 303,151 shares in the company, valued at $37,912,064.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 15,000 shares of Fiserv stock in a transaction that occurred on Tuesday, April 18th. The stock was sold at an average price of $116.38, for a total transaction of $1,745,700.00. Following the completion of the transaction, the insider now owns 339,151 shares of the company’s stock, valued at approximately $39,470,393.38. The disclosure for this sale can be found here. Insiders sold 51,000 shares of company stock valued at $6,183,550 in the last quarter. 1.90% of the stock is owned by insiders.

Fiserv Company Profile

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.

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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