Heritage Trust Co Acquires 1,240 Shares of Fiserv, Inc. (NASDAQ:FISV)

Heritage Trust Co increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 9.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,741 shares of the business services provider’s stock after buying an additional 1,240 shares during the period. Heritage Trust Co’s holdings in Fiserv were worth $1,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Global Endowment Management LP increased its position in shares of Fiserv by 125.0% during the fourth quarter. Global Endowment Management LP now owns 108,737 shares of the business services provider’s stock worth $12,380,000 after purchasing an additional 60,417 shares in the last quarter. Soros Capital Management LLC increased its position in shares of Fiserv by 43.3% during the first quarter. Soros Capital Management LLC now owns 27,830 shares of the business services provider’s stock worth $3,313,000 after purchasing an additional 8,404 shares in the last quarter. Standard Life Aberdeen plc increased its position in shares of Fiserv by 34.6% during the first quarter. Standard Life Aberdeen plc now owns 1,781,238 shares of the business services provider’s stock worth $212,047,000 after purchasing an additional 457,553 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Fiserv by 25.4% during the first quarter. Janney Montgomery Scott LLC now owns 105,897 shares of the business services provider’s stock worth $12,606,000 after purchasing an additional 21,435 shares in the last quarter. Finally, Forsta AP Fonden increased its position in shares of Fiserv by 4.1% during the first quarter. Forsta AP Fonden now owns 103,700 shares of the business services provider’s stock worth $12,344,000 after purchasing an additional 4,100 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on FISV. Morgan Stanley boosted their price objective on shares of Fiserv from $115.00 to $124.00 and gave the company an “equal weight” rating in a report on Thursday, April 22nd. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $133.00 price objective on the stock. in a report on Monday, April 19th. Truist lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Monday. They noted that the move was a valuation call. Wells Fargo & Company boosted their price objective on shares of Fiserv from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Finally, Rosenblatt Securities boosted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Six investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Fiserv presently has a consensus rating of “Buy” and a consensus price target of $131.18.

Shares of Fiserv stock traded up $0.53 during trading hours on Friday, reaching $110.02. The stock had a trading volume of 81,770 shares, compared to its average volume of 4,651,646. The company’s 50 day simple moving average is $118.46. The stock has a market cap of $73.36 billion, a price-to-earnings ratio of 85.54, a PEG ratio of 1.27 and a beta of 0.89. Fiserv, Inc. has a twelve month low of $92.15 and a twelve month high of $127.34. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.64.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 27th. The business services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Fiserv had a net margin of 5.86% and a return on equity of 9.56%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 5.44 EPS for the current year.

In related news, major shareholder Kkr Group Partnership L.P. sold 23,000,000 shares of the company’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $117.70, for a total transaction of $2,707,100,000.00. Also, insider Guy Chiarello sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $124.94, for a total transaction of $2,498,800.00. Following the transaction, the insider now owns 234,756 shares of the company’s stock, valued at approximately $29,330,414.64. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.

See Also: Why Invest in Dividend Kings

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)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.