Advisory Services Network LLC lowered its position in Fiserv Inc. (NASDAQ:FISV) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,705 shares of the company’s stock after selling 625 shares during the period. Advisory Services Network LLC’s holdings in Fiserv were worth $1,055,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in FISV. Financial Architects Inc increased its stake in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock worth $139,000 after buying an additional 1,158 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Fiserv during the first quarter worth approximately $141,000. First Manhattan Co. increased its stake in Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock worth $177,000 after buying an additional 134 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Fiserv during the first quarter worth approximately $200,000. Finally, Franklin Street Advisors Inc. NC purchased a new stake in Fiserv during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 87.25% of the company’s stock.
Shares of Fiserv Inc. (NASDAQ:FISV) traded up 0.28% during trading on Monday, hitting $99.75. 800,223 shares of the stock traded hands. The firm has a 50 day moving average price of $101.73 and a 200-day moving average price of $103.63. Fiserv Inc. has a one year low of $85.63 and a one year high of $111.51. The company has a market cap of $21.93 billion, a PE ratio of 25.32 and a beta of 0.91.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The business earned $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $0.95 EPS. Fiserv’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
A number of analysts have recently commented on FISV shares. Jefferies Group restated a “buy” rating and set a $121.00 price objective on shares of Fiserv in a report on Monday, September 26th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, August 4th. Barclays PLC increased their price target on Fiserv from $93.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $112.00 price target on shares of Fiserv in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $101.00 price target on shares of Fiserv in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $105.40.
In related news, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $101.84, for a total value of $1,222,080.00. Following the transaction, the insider now owns 336,994 shares in the company, valued at approximately $34,319,468.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction on Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the completion of the transaction, the insider now owns 66,129 shares in the company, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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