Professional Advisory Services Inc. Sells 7,714 Shares of Fiserv, Inc. (NASDAQ:FISV)

Professional Advisory Services Inc. reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,771 shares of the company’s stock after selling 7,714 shares during the period. Fiserv comprises approximately 4.0% of Professional Advisory Services Inc.’s holdings, making the stock its 4th largest holding. Professional Advisory Services Inc.’s holdings in Fiserv were worth $26,589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FISV. M&R Capital Management Inc. increased its position in Fiserv by 0.3% in the second quarter. M&R Capital Management Inc. now owns 56,945 shares of the company’s stock worth $7,184,000 after buying an additional 191 shares during the period. Moody National Bank Trust Division increased its position in Fiserv by 2.2% in the second quarter. Moody National Bank Trust Division now owns 13,924 shares of the company’s stock worth $1,757,000 after buying an additional 306 shares during the period. Outlook Wealth Advisors LLC increased its position in Fiserv by 6.5% in the second quarter. Outlook Wealth Advisors LLC now owns 5,317 shares of the company’s stock worth $671,000 after buying an additional 325 shares during the period. Bellecapital International Ltd. increased its position in Fiserv by 0.5% in the second quarter. Bellecapital International Ltd. now owns 72,716 shares of the company’s stock worth $9,173,000 after buying an additional 359 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group increased its position in Fiserv by 280.8% in the first quarter. Oliver Lagore Vanvalin Investment Group now owns 674 shares of the company’s stock worth $76,000 after buying an additional 497 shares during the period. 88.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Fiserv in a research report on Tuesday. They issued a “buy” rating on the stock.

Fiserv Price Performance

Shares of FISV traded down $1.15 during trading hours on Friday, reaching $121.05. 5,501,837 shares of the company’s stock traded hands, compared to its average volume of 3,749,599. The company has a market cap of $76.03 billion, a price-to-earnings ratio of 32.24 and a beta of 0.86. Fiserv, Inc. has a twelve month low of $87.03 and a twelve month high of $122.39. The stock has a fifty day simple moving average of $124.34.

Fiserv Profile

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.