Canandaigua National Bank & Trust Co. reduced its position in shares of Fiserv Inc (NASDAQ:FISV) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,228 shares of the business services provider’s stock after selling 1,117 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Fiserv were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Longview Partners Guernsey LTD raised its holdings in Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after acquiring an additional 1,020,121 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Fiserv by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock valued at $265,398,000 after purchasing an additional 27,105 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Fiserv by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock valued at $246,234,000 after purchasing an additional 41,256 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Fiserv by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 1,213,913 shares of the business services provider’s stock valued at $156,544,000 after purchasing an additional 27,883 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Fiserv by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,188,372 shares of the business services provider’s stock valued at $153,252,000 after purchasing an additional 3,500 shares during the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.
Fiserv Inc (NASDAQ:FISV) traded down $0.63 during mid-day trading on Thursday, reaching $138.40. The company had a trading volume of 1,308,200 shares, compared to its average volume of 1,234,803. Fiserv Inc has a fifty-two week low of $110.44 and a fifty-two week high of $144.20. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79. The firm has a market cap of $28,973.77, a P/E ratio of 23.86, a P/E/G ratio of 1.94 and a beta of 0.87.
Several brokerages have recently issued reports on FISV. Guggenheim reiterated a “buy” rating and issued a $160.00 price target on shares of Fiserv in a research note on Monday, January 29th. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Robert W. Baird boosted their price objective on Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday. Finally, Credit Suisse Group boosted their price objective on Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $140.73.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the completion of the sale, the insider now directly owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by company insiders.
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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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