Fiserv, Inc. $FISV Stock Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,047,041 shares of the business services provider’s stock after selling 255,451 shares during the quarter. Fiserv accounts for approximately 0.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 27th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.38% of Fiserv worth $92,485,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Fiserv during the second quarter valued at about $2,079,711,000. JANA Partners Management LP increased its stake in shares of Fiserv by 97.5% in the first quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock worth $247,507,000 after purchasing an additional 2,190,085 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Fiserv in the second quarter worth about $178,310,000. Legal & General Group Plc bought a new stake in shares of Fiserv in the second quarter valued at approximately $161,557,000. Finally, Turtle Creek Asset Management Inc. raised its position in shares of Fiserv by 968.1% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock valued at $147,517,000 after purchasing an additional 2,396,167 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other news, Director Lance Fritz purchased 10,000 shares of the stock in a transaction on Friday, August 7th. The shares were acquired 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 of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $49.86 on Monday. The company’s fifty day moving average price is $49.01 and its 200-day moving average price is $52.50. The firm has a market capitalization of $26.51 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 4.98 and a beta of 0.80. Fiserv, Inc. has a one year low of $43.87 and a one year high of $128.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data 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). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv, Inc. will post 7.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FISV. Bank of America initiated coverage on shares of Fiserv in a research note on Thursday, October 15th. They set an “underperform” rating and a $48.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, August 7th. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. TD Cowen dropped their target price on Fiserv from $55.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Finally, UBS Group set a $60.00 price target on Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and an average price target of $66.48.

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.