Fiserv, Inc. $FISV Stock Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 45.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,260 shares of the business services provider’s stock after selling 542,780 shares during the period. Mondrian Investment Partners LTD’s holdings in Fiserv were worth $29,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Fiserv during the 2nd quarter valued at $2,079,711,000. Deutsche Bank AG purchased a new position in Fiserv during the second quarter worth $178,310,000. Legal & General Group Plc acquired a new position in shares of Fiserv in the second quarter worth $161,557,000. Bank of New York Mellon Corp acquired a new position in shares of Fiserv in the second quarter worth $123,177,000. Finally, Turtle Creek Asset Management Inc. raised its holdings in shares of Fiserv by 968.1% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock worth $147,517,000 after acquiring an additional 2,396,167 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 1.9%

FISV stock opened at $49.86 on Friday. The stock has a market capitalization of $26.51 billion, a P/E ratio of 9.57, a PEG ratio of 4.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a one year low of $43.87 and a one year high of $128.78. The company has a 50 day moving average price of $49.01 and a two-hundred day moving average price of $52.53.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The company’s revenue was down 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 7.25 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance Fritz acquired 10,000 shares of the stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FISV. Stephens reaffirmed an “equal weight” rating and set a $57.00 price objective on shares of Fiserv in a research note on Tuesday, August 11th. Morgan Stanley set a $59.00 price objective on Fiserv in a research report on Friday, August 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. Citigroup reduced their target price on shares of Fiserv from $57.00 to $53.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Finally, B. Riley Financial reduced their target price on shares of Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $66.48.

Fiserv Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.