Tompkins Financial Corp Buys 182 Shares of Fiserv Inc (FISV)

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Tompkins Financial Corp grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 21.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044 shares of the business services provider’s stock after acquiring an additional 182 shares during the period. Tompkins Financial Corp’s holdings in Fiserv were worth $86,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Fiserv by 2.9% in the fourth quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after buying an additional 898,122 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 3.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after buying an additional 845,558 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Fiserv by 7,194.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after buying an additional 10,203,585 shares during the period. Geode Capital Management LLC lifted its holdings in Fiserv by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after buying an additional 469,507 shares during the period. Finally, Northern Trust Corp lifted its holdings in Fiserv by 3.0% in the fourth quarter. Northern Trust Corp now owns 5,360,120 shares of the business services provider’s stock worth $393,915,000 after buying an additional 154,269 shares during the period. Hedge funds and other institutional investors own 88.83% of the company’s stock.

Shares of NASDAQ FISV opened at $85.52 on Thursday. Fiserv Inc has a twelve month low of $68.43 and a twelve month high of $91.19. The company has a market capitalization of $33.44 billion, a P/E ratio of 27.54, a PEG ratio of 2.09 and a beta of 0.83. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts expect that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

In other Fiserv news, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $87.01, for a total value of $948,757.04. Following the completion of the sale, the director now owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the completion of the sale, the insider now directly owns 436,141 shares of the company’s stock, valued at approximately $36,618,398.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,912 shares of company stock valued at $11,685,371. 1.70% of the stock is currently owned by insiders.

FISV has been the subject of several research analyst reports. Royal Bank of Canada upgraded shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price objective for the company in a report on Monday, January 28th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.50 to $88.00 in a report on Friday, January 18th. Cowen upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $80.59 price objective for the company in a report on Thursday, January 24th. Cantor Fitzgerald restated a “hold” rating and issued a $83.00 price objective on shares of Fiserv in a report on Friday, February 8th. Finally, Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $87.29.

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Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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