Fiserv Inc. (FISV) Shares Sold by Windward Capital Management Co. CA
Windward Capital Management Co. CA decreased its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 0.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 138,280 shares of the company’s stock after selling 724 shares during the period. Fiserv makes up about 2.6% of Windward Capital Management Co. CA’s portfolio, making the stock its 15th largest position. Windward Capital Management Co. CA owned approximately 0.06% of Fiserv worth $13,755,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of Fiserv by 151.9% in the second quarter. Franklin Resources Inc. now owns 875,458 shares of the company’s stock worth $95,172,000 after buying an additional 527,935 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock worth $540,589,000 after buying an additional 360,025 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Fiserv during the second quarter worth approximately $36,230,000. FMR LLC boosted its position in shares of Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock worth $1,121,188,000 after buying an additional 295,107 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Fiserv by 417.8% in the second quarter. Schroder Investment Management Group now owns 333,576 shares of the company’s stock worth $36,270,000 after buying an additional 269,153 shares in the last quarter. 85.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fiserv Inc. (NASDAQ:FISV) traded down 0.98% during mid-day trading on Wednesday, reaching $105.50. 238,499 shares of the company’s stock traded hands. The stock has a market capitalization of $22.90 billion, a PE ratio of 26.46 and a beta of 0.82. Fiserv Inc. has a 12-month low of $85.63 and a 12-month high of $111.51. The company’s 50-day moving average price is $100.95 and its 200-day moving average price is $103.73.
Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a net margin of 16.61% and a return on equity of 36.84%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Analysts anticipate that Fiserv Inc. will post $4.45 earnings per share for the current year.
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A number of brokerages recently commented on FISV. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Pacific Crest began coverage on Fiserv in a research note on Friday, November 18th. They issued a “sector weight” rating and a $101.00 price target for the company. Jefferies Group increased their price target on Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $112.00 price target on shares of Fiserv in a research note 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 research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $107.35.
In other news, insider Devin Mcgranahan acquired 15,000 shares of Fiserv stock in a transaction dated Wednesday, November 2nd. The shares were acquired at an average cost of $99.21 per share, for a total transaction of $1,488,150.00. Following the acquisition, the insider now owns 25,155 shares of the company’s stock, valued at $2,495,627.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $102.45, for a total transaction of $1,229,400.00. Following the completion of the sale, the insider now owns 302,194 shares in the company, valued at $30,959,775.30. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
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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