Seaward Management Limited Partnership Sells 1,622 Shares of Fiserv, Inc. (FISV)
Seaward Management Limited Partnership cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,383 shares of the business services provider’s stock after selling 1,622 shares during the quarter. Seaward Management Limited Partnership’s holdings in Fiserv were worth $9,721,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of Fiserv by 5.0% during the third quarter. Ameriprise Financial Inc. now owns 564,465 shares of the business services provider’s stock worth $72,791,000 after purchasing an additional 26,873 shares during the period. Ninepoint Partners LP bought a new position in shares of Fiserv during the third quarter worth approximately $27,056,000. SG Americas Securities LLC increased its holdings in shares of Fiserv by 22.1% during the third quarter. SG Americas Securities LLC now owns 19,102 shares of the business services provider’s stock worth $2,463,000 after purchasing an additional 3,453 shares during the period. Commonwealth Equity Services Inc increased its holdings in shares of Fiserv by 2.8% during the third quarter. Commonwealth Equity Services Inc now owns 21,340 shares of the business services provider’s stock worth $2,752,000 after purchasing an additional 589 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Fiserv by 65.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 25,612 shares of the business services provider’s stock worth $3,303,000 after purchasing an additional 10,120 shares during the period. 89.41% of the stock is currently owned by institutional investors.
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Shares of Fiserv, Inc. (NASDAQ:FISV) traded up $1.02 during trading on Friday, reaching $129.54. 668,500 shares of the company’s stock were exchanged, compared to its average volume of 866,739. Fiserv, Inc. has a 1 year low of $102.51 and a 1 year high of $130.20. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $26,783.49, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.20 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts expect that Fiserv, Inc. will post 5.08 earnings per share for the current year.
In other news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock worth $7,133,943 in the last 90 days. Company insiders own 1.80% of the company’s stock.
FISV has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 price objective (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Credit Suisse Group lifted their price objective on shares of Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $128.45.
Fiserv Company Profile
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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