Fiserv, Inc. (FISV) Holdings Trimmed by MML Investors Services LLC
MML Investors Services LLC trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 19.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,507 shares of the business services provider’s stock after selling 603 shares during the period. MML Investors Services LLC’s holdings in Fiserv were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv during the second quarter valued at about $104,000. Acrospire Investment Management LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at approximately $122,000. Trust Co. of Vermont raised its position in shares of Fiserv by 53.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 453 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of Fiserv by 2.3% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.
Shares of Fiserv, Inc. (FISV) opened at 128.96 on Monday. The firm has a 50-day moving average of $123.36 and a 200 day moving average of $121.49. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.61. The stock has a market capitalization of $27.14 billion, a price-to-earnings ratio of 31.57 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.
FISV has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $146.25 target price (up from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Robert W. Baird reissued an “outperform” rating and set a $134.00 target price (up previously from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th. Cantor Fitzgerald restated a “hold” rating and set a $118.00 price target on shares of Fiserv in a research note on Tuesday, June 20th. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price target for the company from $131.00 to $136.00 in a research note on Monday, July 17th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $127.05.
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In related news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $126.02, for a total value of $2,142,340.00. Following the completion of the transaction, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock valued at $7,113,543 in the last quarter. Insiders own 1.80% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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