Fiserv, Inc. $FISV Position Lowered by Jacobs & Co. CA

Jacobs & Co. CA cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 61.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,070 shares of the business services provider’s stock after selling 11,117 shares during the quarter. Jacobs & Co. CA’s holdings in Fiserv were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Fiserv during the second quarter valued at $2,079,711,000. Barclays PLC purchased a new stake in shares of Fiserv in the 4th quarter worth about $276,237,000. JANA Partners Management LP grew its position in shares of Fiserv by 97.5% in the 1st quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock worth $247,507,000 after buying an additional 2,190,085 shares during the period. Deutsche Bank AG bought a new position in shares of Fiserv in the 2nd quarter worth about $178,310,000. Finally, Legal & General Group Plc bought a new position in shares of Fiserv in the 2nd quarter worth about $161,557,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, Director Lance Fritz acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director owned 27,207 shares of the company’s stock, 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. 0.06% of the stock is currently owned by insiders.

Fiserv Stock Down 0.7%

NASDAQ:FISV opened at $45.63 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $24.26 billion, a P/E ratio of 8.76, a P/E/G ratio of 4.58 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $43.87 and a fifty-two week high of $128.78. The firm has a 50-day simple moving average of $50.18 and a two-hundred day simple moving average of $53.08.

Fiserv (NASDAQ:FISV) last issued its earnings results 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). Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue was down 4.1% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on FISV. Zacks Research lowered shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Oppenheimer downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday. Citigroup reiterated a “neutral” rating and set a $57.00 target price (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. UBS Group set a $60.00 price target on Fiserv and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, B. Riley Financial cut their price target on Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.21.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.