Carderock Capital Management Inc. Reduces Position in Fiserv, Inc. (FISV)
Carderock Capital Management Inc. cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,169 shares of the business services provider’s stock after selling 1,741 shares during the period. Fiserv makes up about 2.2% of Carderock Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Carderock Capital Management Inc.’s holdings in Fiserv were worth $4,793,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Fiserv during the second quarter valued at approximately $122,000. Sun Life Financial INC raised its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares during the period. Pegasus Partners Ltd. purchased a new stake in Fiserv during the second quarter valued at approximately $200,000. Finally, Trustmark National Bank Trust Department purchased a new stake in Fiserv during the second quarter valued at approximately $204,000. 88.62% of the stock is owned by institutional investors.
Shares of Fiserv, Inc. (NASDAQ FISV) opened at $131.72 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a fifty-two week low of $104.36 and a fifty-two week high of $133.11. The firm has a market capitalization of $27,450.37, a P/E ratio of 27.05, a PEG ratio of 2.25 and a beta of 0.82.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total value of $2,134,180.00. Following the sale, the insider now directly owns 330,835 shares in the company, valued at $41,533,025.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,124 shares of company stock worth $5,316,303. Company insiders own 1.80% of the company’s stock.
A number of equities research analysts have issued reports on the company. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Fiserv in a research report on Friday, September 8th. SunTrust Banks restated a “hold” rating and set a $130.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research report on Sunday, October 8th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $130.41.
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Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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