Fiserv, Inc. $FISV Stock Holdings Reduced by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 11.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,047,041 shares of the business services provider’s stock after selling 255,451 shares during the quarter. Fiserv makes up 0.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 27th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Fiserv were worth $92,485,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC raised its position in Fiserv by 50.8% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 49,810 shares of the business services provider’s stock worth $2,250,000 after purchasing an additional 16,785 shares during the period. Tectonic Advisors LLC boosted its position in Fiserv by 22.1% during the third quarter. Tectonic Advisors LLC now owns 30,573 shares of the business services provider’s stock valued at $1,381,000 after buying an additional 5,536 shares during the period. Yousif Capital Management LLC boosted its position in Fiserv by 8.0% during the third quarter. Yousif Capital Management LLC now owns 63,344 shares of the business services provider’s stock valued at $2,862,000 after buying an additional 4,719 shares during the period. Root Financial Partners LLC purchased a new stake in Fiserv during the third quarter valued at about $46,000. Finally, Investment House LLC grew its stake in shares of Fiserv by 13.0% during the third quarter. Investment House LLC now owns 68,790 shares of the business services provider’s stock valued at $3,108,000 after buying an additional 7,935 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In related news, Director Lance Fritz purchased 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of FISV stock opened at $49.86 on Monday. The stock has a fifty day moving average of $49.01 and a 200 day moving average of $52.50. Fiserv, Inc. has a 52 week low of $43.87 and a 52 week high of $128.78. The firm has a market capitalization of $26.51 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 4.98 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FISV shares. Morgan Stanley set a $59.00 target price on Fiserv in a research note on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating and set a $65.00 target price (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Finally, Citigroup lowered their price objective on Fiserv from $57.00 to $53.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Five research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.