Alps Advisors Inc. cut its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 4,022 shares of the company’s stock after selling 296 shares during the period. Alps Advisors Inc.’s holdings in Fiserv were worth $437,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in FISV. Wellington Management Group LLP raised its stake in Fiserv by 6.0% in the first quarter. Wellington Management Group LLP now owns 2,244,674 shares of the company’s stock valued at $230,259,000 after buying an additional 126,992 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Fiserv by 42.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 486,150 shares of the company’s stock valued at $49,869,000 after buying an additional 145,900 shares during the last quarter. Bank of Montreal Can acquired a new stake in Fiserv during the second quarter valued at about $36,230,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Fiserv by 65.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,448 shares of the company’s stock valued at $2,306,000 after buying an additional 8,874 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Fiserv by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 190,178 shares of the company’s stock valued at $20,678,000 after buying an additional 1,817 shares during the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.
Fiserv Inc. (NASDAQ:FISV) traded up 1.12% during mid-day trading on Thursday, reaching $100.81. 1,018,761 shares of the company were exchanged. The company’s 50 day moving average price is $101.40 and its 200-day moving average price is $103.62. Fiserv Inc. has a 12-month low of $85.63 and a 12-month high of $111.51. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 25.59 and a beta of 0.91.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. On average, equities research analysts forecast that Fiserv Inc. will post $4.44 earnings per share for the current fiscal year.
FISV has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Fiserv in a research note on Thursday, September 8th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Monness Crespi & Hardt raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday. Barclays PLC boosted their target price on shares of Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 7th. Finally, Jefferies Group reissued a “buy” rating and set a $121.00 target price on shares of Fiserv in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Fiserv currently has an average rating of “Hold” and a consensus target price of $106.00.
In other Fiserv news, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $101.84, for a total value of $1,222,080.00. Following the completion of the sale, the insider now owns 336,994 shares in the company, valued at $34,319,468.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Rahul Gupta sold 15,225 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the completion of the sale, the insider now owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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