Regent Investment Management LLC Sells 320 Shares of Fiserv, Inc. (NASDAQ:FISV)

Regent Investment Management LLC reduced its position in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,923 shares of the business services provider’s stock after selling 320 shares during the quarter. Regent Investment Management LLC’s holdings in Fiserv were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Gamco Investors INC. ET AL lifted its holdings in shares of Fiserv by 25.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 13,000 shares of the business services provider’s stock worth $1,349,000 after buying an additional 2,660 shares in the last quarter. Hilltop Holdings Inc. raised its stake in Fiserv by 19.3% during the fourth quarter. Hilltop Holdings Inc. now owns 5,610 shares of the business services provider’s stock valued at $583,000 after purchasing an additional 907 shares in the last quarter. Mutual Advisors LLC raised its stake in Fiserv by 17.6% during the fourth quarter. Mutual Advisors LLC now owns 5,347 shares of the business services provider’s stock valued at $555,000 after purchasing an additional 801 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in Fiserv by 4.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 67,680 shares of the business services provider’s stock valued at $7,025,000 after purchasing an additional 2,762 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in Fiserv by 31.4% during the fourth quarter. Clearstead Advisors LLC now owns 12,482 shares of the business services provider’s stock valued at $1,296,000 after purchasing an additional 2,980 shares in the last quarter. 94.01% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

FISV traded down $0.93 during trading on Friday, reaching $97.63. 90,789 shares of the company’s stock were exchanged, compared to its average volume of 4,174,461. Fiserv, Inc. has a 1 year low of $87.03 and a 1 year high of $111.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $62.44 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.14 and a beta of 0.88. The company’s fifty day simple moving average is $104.28 and its 200-day simple moving average is $99.45.

Fiserv (NASDAQ:FISVGet Rating) last issued its quarterly earnings data 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 net margin of 11.92% and a return on equity of 12.40%. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter last year, the company earned $1.37 EPS. The business’s revenue was up 9.8% on a year-over-year basis. As a group, research analysts predict that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Truist Financial reduced their target price on shares of Fiserv from $105.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Robert W. Baird reduced their target price on shares of Fiserv from $144.00 to $132.00 in a research note on Wednesday, July 13th. Tigress Financial upped their price target on shares of Fiserv from $150.00 to $152.00 in a report on Friday, May 27th. Finally, TheStreet cut shares of Fiserv from a “b-” rating to a “c+” rating in a report on Friday, July 8th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.54.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 15,000 shares of Fiserv stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the transaction, the chief operating officer now owns 216,864 shares in the company, valued at approximately $21,686,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Harry Disimone sold 2,706 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were 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 approximately $1,407,597.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 15,000 shares of Fiserv stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now directly owns 216,864 shares of the company’s stock, valued at $21,686,400. The disclosure for this sale can be found here. Insiders have sold a total of 51,706 shares of company stock valued at $5,366,896 in the last 90 days. 1.00% of the stock is owned by insiders.

About Fiserv

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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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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