Fiserv Inc (NASDAQ:FISV) Stock Holdings Reduced by Fayerweather Charles
Fayerweather Charles decreased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 20.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 24,058 shares of the business services provider’s stock after selling 6,080 shares during the period. Fiserv accounts for about 4.4% of Fayerweather Charles’ portfolio, making the stock its 3rd largest position. Fayerweather Charles’ holdings in Fiserv were worth $2,493,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Truewealth LLC boosted its stake in Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. Cordasco Financial Network acquired a new stake in Fiserv during the 3rd quarter valued at approximately $29,000. Advantage Investment Management LLC lifted its stake in Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 187 shares during the period. Financial Management Professionals Inc. acquired a new stake in Fiserv during the 3rd quarter valued at approximately $31,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 314 shares during the period.
Several brokerages have commented on FISV. Wedbush lifted their price objective on shares of Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Oppenheimer lifted their price objective on shares of Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. ValuEngine cut shares of Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Atlantic Securities began coverage on shares of Fiserv in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price objective for the company. Finally, Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $107.63.
Fiserv (NASDAQ:FISV) last posted its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.02. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. As a group, analysts predict that Fiserv Inc will post 4.03 EPS for the current fiscal year.
In related news, EVP Christopher M. Foskett sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total value of $531,800.00. Following the completion of the sale, the executive vice president now owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $103.67, for a total transaction of $2,591,750.00. Following the completion of the sale, the chief executive officer now directly owns 271,229 shares of the company’s stock, valued at approximately $28,118,310.43. The disclosure for this sale can be found here. In the last three months, insiders sold 126,000 shares of company stock valued at $13,422,250. 1.40% of the stock is owned by insiders.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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