Campbell Newman Asset Management Inc. lowered its position in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 2.3% in the second quarter, HoldingsChannel reports. The fund owned 20,700 shares of the business services provider's stock after selling 489 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Fiserv were worth $1,842,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Karpas Strategies LLC grew its holdings in Fiserv by 20.0% in the second quarter. Karpas Strategies LLC now owns 46,695 shares of the business services provider's stock valued at $4,154,000 after purchasing an additional 7,770 shares during the period. Horan Securities Inc. purchased a new position in Fiserv during the second quarter valued at $198,000. Hemenway Trust Co LLC grew its position in shares of Fiserv by 2.8% in the second quarter. Hemenway Trust Co LLC now owns 259,779 shares of the business services provider's stock valued at $23,113,000 after purchasing an additional 7,090 shares during the period. Kidder Stephen W increased its stake in shares of Fiserv by 0.4% during the second quarter. Kidder Stephen W now owns 89,107 shares of the business services provider's stock worth $7,928,000 after purchasing an additional 327 shares in the last quarter. Finally, Notis McConarty Edward raised its position in shares of Fiserv by 0.5% during the 2nd quarter. Notis McConarty Edward now owns 48,931 shares of the business services provider's stock worth $4,354,000 after purchasing an additional 224 shares during the last quarter. Institutional investors and hedge funds own 94.01% of the company's stock.
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Analyst Ratings Changes
FISV has been the subject of several research reports. Mizuho boosted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday, August 1st. Robert W. Baird decreased their price objective on Fiserv from $144.00 to $132.00 in a report on Wednesday, July 13th. Evercore ISI raised shares of Fiserv from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $101.00 to $149.00 in a research note on Thursday, August 11th. Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $135.00 to $115.00 in a research report on Monday, July 11th. Finally, Morgan Stanley boosted their price target on shares of Fiserv from $98.00 to $106.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 27th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $124.54.
Insiders Place Their Bets
In related news, COO Guy Chiarello sold 4,000 shares of the company's stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $105.00, for a total value of $420,000.00. Following the completion of the sale, the chief operating officer now directly owns 212,864 shares of the company's stock, valued at approximately $22,350,720. The sale was disclosed in a legal filing with the SEC, which can be accessed through
the SEC website. In other news, COO Guy Chiarello sold 4,000 shares of Fiserv stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $105.00, for a total value of $420,000.00. Following the transaction, the chief operating officer now directly owns 212,864 shares of the company's stock, valued at approximately $22,350,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
this hyperlink. Also, Director Harry Disimone sold 2,706 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $108.72, for a total transaction of $294,196.32. Following the sale, the director now owns 12,947 shares of the company's stock, valued at approximately $1,407,597.84. The disclosure for this sale can be found
here. Over the last 90 days, insiders have sold 51,706 shares of company stock valued at $5,366,896. 1.00% of the stock is currently owned by insiders.
Fiserv Stock Up 0.9 %
FISV stock traded up $0.90 during trading on Wednesday, hitting $96.04. 132,244 shares of the company's stock were exchanged, compared to its average volume of 4,317,273. The stock has a market capitalization of $61.43 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.10 and a beta of 0.88. Fiserv, Inc. has a 52-week low of $87.03 and a 52-week high of $111.84. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $104.35 and a two-hundred day moving average price of $99.51.
Fiserv (NASDAQ:FISV – Get Rating) last posted its earnings results on Tuesday, July 26th. The business services provider reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.02. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The firm had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period last year, the firm posted $1.37 EPS. The company's revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts expect that Fiserv, Inc. will post 6.49 EPS for the current year.
Fiserv Profile
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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.
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