Edmond DE Rothschild Holding S.A. Cuts Holdings in Fiserv, Inc. $FISV

Edmond DE Rothschild Holding S.A. lessened its stake in Fiserv, Inc. (NASDAQ:FISV) by 23.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,572 shares of the business services provider’s stock after selling 1,082 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Fiserv were worth $616,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FISV. Activest Wealth Management raised its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Christopher J. Hasenberg Inc increased its position in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Fiserv by 960.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after purchasing an additional 221 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Fiserv Stock Up 0.1%

Shares of NASDAQ FISV opened at $60.80 on Thursday. The stock has a market cap of $33.05 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The business has a 50-day moving average price of $99.82 and a 200 day moving average price of $135.06.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion for the quarter. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on FISV. Citigroup dropped their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Sanford C. Bernstein cut Fiserv from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $121.08.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.