Fiserv, Inc. (NASDAQ:FISV) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 16.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,834,131 shares of the business services provider’s stock after selling 365,963 shares during the quarter. Bank of America Corp DE’s holdings in Fiserv were worth $185,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FISV. Riverview Trust Co acquired a new position in Fiserv during the first quarter worth about $29,000. Advocacy Wealth Management Services LLC grew its position in Fiserv by 100.0% during the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock worth $30,000 after buying an additional 147 shares during the period. Parkside Investments LLC acquired a new position in Fiserv during the first quarter worth about $30,000. Herold Advisors Inc. acquired a new position in Fiserv during the first quarter worth about $35,000. Finally, IMA Wealth Inc. grew its position in Fiserv by 242.7% during the fourth quarter. IMA Wealth Inc. now owns 377 shares of the business services provider’s stock worth $39,000 after buying an additional 267 shares during the period. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on FISV. Wells Fargo & Company upped their target price on shares of Fiserv from $100.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 8th. Morgan Stanley increased their price target on shares of Fiserv from $98.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Truist Financial lowered their price target on shares of Fiserv from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Robert W. Baird lowered their price target on shares of Fiserv from $144.00 to $132.00 in a research report on Wednesday, July 13th. Finally, TheStreet lowered shares of Fiserv from a “b-” rating to a “c+” rating in a research report on Friday, July 8th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $124.54.

Insider Activity

In other news, COO Guy Chiarello sold 15,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $1,500,000.00. Following the transaction, the chief operating officer now owns 216,864 shares of the company’s stock, valued at approximately $21,686,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $108.72, for a total value of $294,196.32. Following the transaction, the director now owns 12,947 shares of the company’s stock, valued at approximately $1,407,597.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 15,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief operating officer now directly owns 216,864 shares in the company, valued at approximately $21,686,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,706 shares of company stock valued at $5,366,896. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Performance

NASDAQ:FISV opened at $99.59 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company has a market cap of $63.70 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.19 and a beta of 0.88. Fiserv, Inc. has a fifty-two week low of $87.03 and a fifty-two week high of $111.84. The firm’s 50 day moving average is $104.15 and its two-hundred day moving average is $99.42.

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

Fiserv Profile

(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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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