Cambridge Investment Research Advisors Inc. lessened its stake in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,097 shares of the business services provider's stock after selling 5,815 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Fiserv were worth $5,347,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Mutual Advisors LLC raised its holdings in Fiserv by 17.6% in the 4th quarter. Mutual Advisors LLC now owns 5,347 shares of the business services provider's stock worth $555,000 after purchasing an additional 801 shares during the period. LPL Financial LLC raised its holdings in Fiserv by 9.6% in the 4th quarter. LPL Financial LLC now owns 230,191 shares of the business services provider's stock worth $23,892,000 after purchasing an additional 20,103 shares during the period. Freestone Capital Holdings LLC raised its holdings in Fiserv by 32.2% in the 4th quarter. Freestone Capital Holdings LLC now owns 13,817 shares of the business services provider's stock worth $1,434,000 after purchasing an additional 3,362 shares during the period. Alliancebernstein L.P. raised its holdings in Fiserv by 3.5% in the 4th quarter. Alliancebernstein L.P. now owns 864,441 shares of the business services provider's stock worth $89,720,000 after purchasing an additional 28,943 shares during the period. Finally, Bridgewater Associates LP raised its holdings in Fiserv by 241.5% in the 4th quarter. Bridgewater Associates LP now owns 87,237 shares of the business services provider's stock worth $9,054,000 after purchasing an additional 61,693 shares during the period. Institutional investors and hedge funds own 94.01% of the company's stock.
Get Fiserv alerts:Analyst Ratings Changes
FISV has been the subject of a number of analyst reports. Truist Financial cut their price objective on Fiserv from $105.00 to $95.00 and set a "hold" rating for the company in a research note on Thursday, June 30th. Robert W. Baird cut their price objective on Fiserv from $144.00 to $132.00 in a research note on Wednesday, July 13th. Wells Fargo & Company boosted their price objective on Fiserv from $100.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 8th. Morgan Stanley boosted their price objective on Fiserv from $98.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 27th. Finally, 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. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.54.
Fiserv Stock Down 0.6 %
NASDAQ:FISV opened at $97.95 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average is $104.36 and its two-hundred day moving average is $99.52. Fiserv, Inc. has a 52 week low of $87.03 and a 52 week high of $111.84. The stock has a market capitalization of $62.65 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88.Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The business services provider reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.01. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.06 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The firm's revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 6.49 EPS for the current year.
Insiders Place Their Bets
In other Fiserv news, Director Harry Disimone sold 2,706 shares of the company's 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 transaction, the director now directly owns 12,947 shares in the company, valued at $1,407,597.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 value of $294,196.32. Following the sale, the director now directly owns 12,947 shares in the company, valued at $1,407,597.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 30,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now owns 237,053 shares in the company, valued at $24,911,899.77. The disclosure for this sale can be found here. Insiders have sold 51,706 shares of company stock worth $5,366,896 over the last ninety days. Corporate insiders own 1.00% of the company's stock.
About Fiserv
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Fiserv (FISV)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster's Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Get Rating).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.