Independence Bank of Kentucky Sells 3,195 Shares of Fiserv, Inc. (NASDAQ:FISV)

Independence Bank of Kentucky decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 72.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,205 shares of the company’s stock after selling 3,195 shares during the quarter. Independence Bank of Kentucky’s holdings in Fiserv were worth $152,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group grew its holdings in Fiserv by 280.8% during the 1st quarter. Oliver Lagore Vanvalin Investment Group now owns 674 shares of the company’s stock worth $76,000 after acquiring an additional 497 shares during the period. Marotta Asset Management acquired a new stake in Fiserv during the 2nd quarter worth about $404,000. M&R Capital Management Inc. grew its holdings in Fiserv by 0.3% during the 2nd quarter. M&R Capital Management Inc. now owns 56,945 shares of the company’s stock worth $7,184,000 after acquiring an additional 191 shares during the period. Finally, DnB Asset Management AS grew its holdings in Fiserv by 6.2% during the 2nd quarter. DnB Asset Management AS now owns 115,087 shares of the company’s stock worth $14,518,000 after acquiring an additional 6,761 shares during the period. Institutional investors own 88.79% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $122.20 on Friday. Fiserv, Inc. has a twelve month low of $87.03 and a twelve month high of $122.39. The stock’s 50 day moving average price is $124.34. The firm has a market capitalization of $76.76 billion, a price-to-earnings ratio of 32.24 and a beta of 0.86.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Fiserv in a research report on Tuesday. They set a “buy” rating on the stock.

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; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.