Fiserv, Inc. (NASDAQ:FISV) Shares Sold by AIA Group Ltd

AIA Group Ltd decreased its holdings in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 38.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,804 shares of the business services provider’s stock after selling 4,809 shares during the quarter. AIA Group Ltd’s holdings in Fiserv were worth $730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FISV. AMI Investment Management Inc. increased its stake in Fiserv by 33.6% during the first quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock worth $2,839,000 after acquiring an additional 7,047 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Fiserv by 10.4% in the first quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock valued at $936,000 after buying an additional 870 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Fiserv by 158.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after buying an additional 590 shares in the last quarter. Prudential PLC acquired a new stake in shares of Fiserv in the first quarter valued at $1,095,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Fiserv in the first quarter valued at $357,000. Institutional investors and hedge funds own 88.79% of the company’s stock.

Fiserv Stock Down 1.7 %

Fiserv stock opened at $103.71 on Wednesday. Fiserv, Inc. has a fifty-two week low of $87.03 and a fifty-two week high of $110.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $65.86 billion, a P/E ratio of 32.51, a PEG ratio of 1.13 and a beta of 0.87. The stock has a 50-day simple moving average of $101.51 and a 200-day simple moving average of $101.23.

Fiserv (NASDAQ:FISVGet Rating) last posted its earnings results on Thursday, October 27th. The business services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.07). Fiserv had a net margin of 11.98% and a return on equity of 12.74%. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Equities research analysts expect that Fiserv, Inc. will post 6.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FISV. Moffett Nathanson dropped their price objective on Fiserv to $140.00 in a research note on Tuesday, November 1st. Mizuho dropped their price objective on Fiserv from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, December 12th. StockNews.com began coverage on Fiserv in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays dropped their price objective on Fiserv from $128.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday. Finally, William Blair reissued an “outperform” rating on shares of Fiserv in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $120.70.

Insider Activity

In other news, COO Guy Chiarello sold 1,063 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $105.03, for a total value of $111,646.89. Following the completion of the sale, the chief operating officer now directly owns 201,623 shares of the company’s stock, valued at approximately $21,176,463.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, CRO Christopher M. Foskett sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $101.31, for a total transaction of $405,240.00. Following the completion of the sale, the executive now directly owns 99,094 shares of the company’s stock, valued at approximately $10,039,213.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 1,063 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $105.03, for a total value of $111,646.89. Following the sale, the chief operating officer now directly owns 201,623 shares of the company’s stock, valued at $21,176,463.69. The disclosure for this sale can be found here. In the last three months, insiders sold 1,747,594 shares of company stock valued at $178,182,913. Insiders own 1.00% of the company’s stock.

Fiserv Profile

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Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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