Kestra Private Wealth Services LLC Cuts Stake in Fiserv, Inc. (NASDAQ:FISV)

Kestra Private Wealth Services LLC reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,069 shares of the business services provider’s stock after selling 124 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Fiserv were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Fiserv by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 47,887,053 shares of the business services provider’s stock valued at $4,855,747,000 after buying an additional 346,470 shares in the last quarter. BlackRock Inc. boosted its position in shares of Fiserv by 2.1% during the 1st quarter. BlackRock Inc. now owns 41,143,679 shares of the business services provider’s stock valued at $4,171,970,000 after acquiring an additional 834,377 shares during the last quarter. Dodge & Cox boosted its position in shares of Fiserv by 38.8% during the 4th quarter. Dodge & Cox now owns 35,432,277 shares of the business services provider’s stock valued at $3,677,516,000 after acquiring an additional 9,901,409 shares during the last quarter. Harris Associates L P boosted its position in shares of Fiserv by 3.0% during the 1st quarter. Harris Associates L P now owns 24,085,796 shares of the business services provider’s stock valued at $2,442,300,000 after acquiring an additional 704,434 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Fiserv by 3.5% during the 4th quarter. State Street Corp now owns 24,070,923 shares of the business services provider’s stock valued at $2,498,321,000 after acquiring an additional 820,147 shares during the last quarter. 94.01% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FISV opened at $102.17 on Wednesday. The business’s 50-day moving average is $103.80 and its two-hundred day moving average is $99.40. Fiserv, Inc. has a 1 year low of $87.03 and a 1 year high of $111.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $65.35 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88.

Fiserv (NASDAQ:FISVGet Rating) last posted its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $108.72, for a total value of $294,196.32. Following the completion of the sale, the director now owns 12,947 shares of the company’s stock, valued at $1,407,597.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Guy Chiarello sold 15,000 shares of Fiserv stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the chief operating officer now owns 216,864 shares of the company’s stock, valued at $21,686,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry Disimone sold 2,706 shares of Fiserv stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $108.72, for a total value of $294,196.32. Following the sale, the director now directly owns 12,947 shares of the company’s stock, valued at approximately $1,407,597.84. The disclosure for this sale can be found here. Insiders have sold 51,706 shares of company stock worth $5,366,896 over the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FISV shares. Wells Fargo & Company increased their target price on Fiserv from $100.00 to $107.00 and gave the company an “equal weight” rating in a research report on Thursday, September 8th. Tigress Financial increased their target price on Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. Morgan Stanley raised their price target on Fiserv from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. Robert W. Baird lowered their price target on Fiserv from $144.00 to $132.00 in a research report on Wednesday, July 13th. Finally, TheStreet downgraded Fiserv from a “b-” rating to a “c+” rating in a research report on Friday, July 8th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.54.

About Fiserv

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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