Fiserv, Inc. $FISV Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Fiserv, Inc. (NASDAQ:FISV) by 22.2% during the second quarter, Holdings Channel reports. The firm owned 3,327,302 shares of the business services provider’s stock after selling 948,864 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fiserv were worth $163,204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dodge & Cox bought a new stake in Fiserv during the fourth quarter worth approximately $3,323,210,000. BlackRock Inc. acquired a new stake in shares of Fiserv during the 2nd quarter valued at $2,079,711,000. State Street Corp bought a new stake in shares of Fiserv during the 4th quarter worth $1,588,663,000. Geode Capital Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $854,215,000. Finally, Amundi acquired a new position in shares of Fiserv in the 4th quarter worth $825,819,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FISV opened at $51.67 on Wednesday. The firm has a market cap of $27.48 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 4.01 and a beta of 0.80. The company’s fifty day moving average is $51.97 and its 200-day moving average is $55.43. 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, Inc. has a 12 month low of $47.04 and a 12 month high of $138.62.

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 business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s revenue was down 4.1% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. The trade was a 5.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on FISV shares. Susquehanna reduced their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. TD Cowen dropped their price target on Fiserv from $63.00 to $55.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Loop Capital decreased their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Wells Fargo & Company set a $56.00 target price on Fiserv and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley set a $59.00 target price on Fiserv in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.20.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.