11,285 Fiserv, Inc. $FISV Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lowered its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 41.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,984 shares of the business services provider’s stock after selling 11,285 shares during the period. Quadrant Capital Group LLC’s holdings in Fiserv were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Fiserv during the second quarter worth $30,000. Osterweis Capital Management Inc. bought a new position in Fiserv during the second quarter worth about $32,000. Caitlin John LLC bought a new position in Fiserv during the second quarter worth about $45,000. Elevation Wealth Partners LLC increased its position in Fiserv by 537.8% during the second quarter. Elevation Wealth Partners LLC now owns 944 shares of the business services provider’s stock worth $46,000 after acquiring an additional 796 shares during the period. Finally, Highland Investment Advisors LLC acquired a new stake in Fiserv in the 2nd quarter worth about $48,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on FISV shares. Susquehanna cut their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. Truist Financial set a $51.00 price target on Fiserv and gave the company a “hold” rating in a research note on Friday. Stephens reissued an “equal weight” rating and set a $57.00 price target on shares of Fiserv in a research report on Tuesday, August 11th. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Finally, TD Cowen reduced their target price on Fiserv from $55.00 to $49.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Five investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.48.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, for a total transaction 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. The trade was a 58.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 1.9%

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

Fiserv (NASDAQ:FISV) last released its 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). The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The business’s revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that Fiserv, Inc. will post 7.25 EPS for the current fiscal year.

Fiserv Company 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.