24,890 Fiserv, Inc. $FISV Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 45.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,233 shares of the business services provider’s stock after selling 24,890 shares during the period. Toth Financial Advisory Corp’s holdings in Fiserv were worth $1,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Keating Financial Advisory Services Inc. bought a new stake in Fiserv during the 2nd quarter valued at approximately $30,000. Osterweis Capital Management Inc. bought a new stake in Fiserv during the 2nd quarter valued at approximately $32,000. Reflection Asset Management acquired a new stake in Fiserv in the 4th quarter valued at approximately $36,000. Finally, Caitlin John LLC acquired a new stake in Fiserv in the 2nd quarter valued at approximately $45,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Barclays set a $52.00 target price on shares of Fiserv and gave the company an “equal weight” rating in a research note on Friday, August 7th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research report on Tuesday, July 7th. Wells Fargo & Company set a $56.00 target price on shares of Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, Oppenheimer downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.70.

Fiserv Price Performance

FISV stock traded down $0.16 during trading on Thursday, hitting $45.15. The company had a trading volume of 1,650,098 shares, compared to its average volume of 7,639,716. The company has a fifty day moving average price of $50.52 and a two-hundred day moving average price of $53.21. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The company has a market cap of $24.01 billion, a P/E ratio of 8.67, a P/E/G ratio of 4.53 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $43.87 and a fifty-two week high of $128.78.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities research analysts expect that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lance Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.