Glenview Trust Co Invests $785,000 in Fiserv, Inc. $FISV

Glenview Trust Co purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,001 shares of the business services provider’s stock, valued at approximately $785,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares during the period. Bison Wealth LLC boosted its stake in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after acquiring an additional 483 shares during the period. Jump Financial LLC purchased a new position in Fiserv in the 2nd quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL raised its holdings in Fiserv by 7.2% during the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul M. Todd purchased 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on FISV shares. B. Riley Financial decreased their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. UBS Group set a $60.00 price target on Fiserv and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Citigroup reissued a “neutral” rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.20.

Fiserv Stock Performance

NASDAQ FISV opened at $53.18 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $138.85. The business has a fifty day moving average of $51.76 and a 200-day moving average of $55.60. The stock has a market cap of $28.28 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 3.96 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.