Applied Materials (AMAT) Valuation Declined While New York State Teachers Retirement System Trimmed Its Position by $2.84 Million; Fiserv (FISV) Shares Declined While Hugh Johnson Advisors Has Raised Position by $4.61 Million

June 18, 2018 - By wolcottdaily

Fiserv, Inc. (NASDAQ:FISV) Logo

New York State Teachers Retirement System decreased its stake in Applied Materials (AMAT) by 2.8% based on its latest 2018Q1 regulatory filing with the SEC. New York State Teachers Retirement System sold 51,579 shares as the company’s stock declined 13.54% with the market. The institutional investor held 1.79M shares of the technology company at the end of 2018Q1, valued at $99.74 million, down from 1.85M at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Applied Materials for a number of months, seems to be less bullish one the $49.07B market cap company. The stock decreased 1.28% or $0.63 during the last trading session, reaching $48.68. About 2.04M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 12.95% since June 18, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.




Hugh Johnson Advisors Llc increased its stake in Fiserv Inc (FISV) by 98.8% based on its latest 2018Q1 regulatory filing with the SEC. Hugh Johnson Advisors Llc bought 64,969 shares as the company’s stock declined 1.25% with the market. The institutional investor held 130,728 shares of the technology company at the end of 2018Q1, valued at $9.32M, up from 65,759 at the end of the previous reported quarter. Hugh Johnson Advisors Llc who had been investing in Fiserv Inc for a number of months, seems to be bullish on the $31.00B market cap company. The stock decreased 1.02% or $0.78 during the last trading session, reaching $75.71. About 139,836 shares traded. Fiserv, Inc. (NASDAQ:FISV) has risen 15.27% since June 18, 2017 and is uptrending. It has outperformed by 2.70% the S&P500.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on August, 16. They expect $1.16 earnings per share, up 34.88% or $0.30 from last year’s $0.86 per share. AMAT’s profit will be $1.17 billion for 10.49 P/E if the $1.16 EPS becomes a reality. After $1.22 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts -4.92% negative EPS growth.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 24 have Buy rating, 0 Sell and 4 Hold. Therefore 86% are positive. Applied Materials Inc. had 125 analyst reports since August 4, 2015 according to SRatingsIntel. As per Friday, July 7, the company rating was maintained by Morgan Stanley. Citigroup upgraded Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, May 25 to “Buy” rating. Morgan Stanley initiated the stock with “Overweight” rating in Tuesday, December 15 report. The stock of Applied Materials, Inc. (NASDAQ:AMAT) has “Buy” rating given on Friday, November 17 by RBC Capital Markets. The firm has “Outperform” rating by Credit Agricole given on Thursday, December 10. The rating was downgraded by Summit Research on Tuesday, August 11 to “Buy”. Cowen & Co maintained the stock with “Outperform” rating in Friday, May 20 report. RBC Capital Markets maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, August 14 with “Sector Perform” rating. Stifel Nicolaus maintained Applied Materials, Inc. (NASDAQ:AMAT) on Friday, May 27 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 15 by Susquehanna.

Investors sentiment increased to 0.95 in Q1 2018. Its up 0.09, from 0.86 in 2017Q4. It increased, as 50 investors sold AMAT shares while 356 reduced holdings. 109 funds opened positions while 278 raised stakes. 762.68 million shares or 4.33% less from 797.20 million shares in 2017Q4 were reported. The Connecticut-based Massmutual Trust Fsb Adv has invested 0% in Applied Materials, Inc. (NASDAQ:AMAT). Advisory Ser Network Limited Liability Co reported 38,163 shares or 0.17% of all its holdings. Reilly Lc invested in 0.02% or 2,128 shares. Tanaka Cap Management stated it has 1.15% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Mirae Asset Global Comm Limited invested in 299,161 shares or 0.22% of the stock. Laurion Capital Mngmt Ltd Partnership holds 402,865 shares. Creative Planning holds 0.03% or 127,610 shares. Evermay Wealth Mgmt Ltd Company holds 12,344 shares. Numerixs Tech reported 33,492 shares. Huntington Natl Bank has invested 0.26% in Applied Materials, Inc. (NASDAQ:AMAT). Asset Mgmt One Ltd has 0.21% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 1.70M shares. Mitsubishi Ufj Trust Corp invested in 0.22% or 2.19 million shares. Brookstone Management accumulated 4,338 shares or 0.02% of the stock. 285,850 were accumulated by Connor Clark & Lunn Invest Limited. Lsv Asset Mngmt stated it has 0.6% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT).

Since December 29, 2017, it had 0 insider buys, and 4 insider sales for $10.41 million activity. 125,125 Applied Materials, Inc. (NASDAQ:AMAT) shares with value of $6.44 million were sold by Salehpour Ali. Shares for $214,680 were sold by Forrest Stephen R on Wednesday, January 3. 53,466 shares were sold by Nalamasu Omkaram, worth $2.83 million.

New York State Teachers Retirement System, which manages about $41.07B US Long portfolio, upped its stake in Ipg Photonics Corp (NASDAQ:IPGP) by 2,446 shares to 44,046 shares, valued at $10.28M in 2018Q1, according to the filing. It also increased its holding in Rh Com by 7,300 shares in the quarter, for a total of 20,854 shares, and has risen its stake in Prologis Trust (NYSE:PLD).

More notable recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Globenewswire.com which released: “Applied Materials Announces Cash Dividend” on June 07, 2018, also Investorplace.com with their article: “Applied Materials, Inc. Stock Was Hammered by Earnings, Time to Profit” published on May 21, 2018, Seekingalpha.com published: “Applied Materials Looks Undervalued” on May 29, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) were released by: Seekingalpha.com and their article: “Applied Materials Is So Attractive Under $50” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “Buy Alibaba – Cramer’s Lightning Round (6/12/18)” with publication date: June 13, 2018.

Since January 17, 2018, it had 1 buying transaction, and 6 insider sales for $14.51 million activity. 12,160 shares were sold by OLEARY DENIS, worth $1.73M on Friday, February 16. ROBAK KIM M sold 10,388 shares worth $757,493. Shares for $49,981 were bought by DiSimone Harry on Wednesday, February 21.

Hugh Johnson Advisors Llc, which manages about $1.13 billion and $334.94 million US Long portfolio, decreased its stake in Texas Instruments Inc (NASDAQ:TXN) by 30,440 shares to 94,078 shares, valued at $9.77M in 2018Q1, according to the filing. It also reduced its holding in Vanguard Total Stock Index Adm (VTSAX) by 7,684 shares in the quarter, leaving it with 260,994 shares, and cut its stake in Walgreens Boots Alliance Inc.

Among 24 analysts covering Fiserv (NASDAQ:FISV), 10 have Buy rating, 1 Sell and 13 Hold. Therefore 42% are positive. Fiserv had 61 analyst reports since July 30, 2015 according to SRatingsIntel. Robert W. Baird upgraded the stock to “Outperform” rating in Friday, October 28 report. The rating was upgraded by Argus Research to “Buy” on Monday, May 9. The stock of Fiserv, Inc. (NASDAQ:FISV) earned “Neutral” rating by JP Morgan on Friday, August 14. The company was maintained on Wednesday, October 28 by Topeka Capital Markets. As per Thursday, July 30, the company rating was maintained by Barclays Capital. The firm has “Hold” rating by Cowen & Co given on Wednesday, February 7. Cowen & Co maintained Fiserv, Inc. (NASDAQ:FISV) rating on Monday, July 10. Cowen & Co has “Hold” rating and $11100 target. Barclays Capital maintained Fiserv, Inc. (NASDAQ:FISV) rating on Wednesday, August 2. Barclays Capital has “Equal-Weight” rating and $123 target. The firm has “Hold” rating given on Tuesday, October 31 by SunTrust. Citigroup maintained Fiserv, Inc. (NASDAQ:FISV) on Friday, February 9 with “Neutral” rating.

Fiserv, Inc. (NASDAQ:FISV) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts