Fiserv, Inc. (FISV) Shares Sold by Nichols & Pratt Advisers LLP MA
Nichols & Pratt Advisers LLP MA cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 210,807 shares of the business services provider’s stock after selling 4,240 shares during the period. Fiserv makes up 2.4% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 14th largest position. Nichols & Pratt Advisers LLP MA owned approximately 0.10% of Fiserv worth $25,750,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gardiner Nancy B boosted its position in shares of Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after buying an additional 762 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its position in shares of Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock valued at $44,026,000 after buying an additional 232,364 shares during the last quarter. British Columbia Investment Management Corp boosted its position in shares of Fiserv by 6.3% in the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock valued at $9,751,000 after buying an additional 5,016 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Fiserv by 25.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 3,304 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Fiserv during the second quarter valued at approximately $201,000. Institutional investors own 87.72% of the company’s stock.
Fiserv, Inc. (NASDAQ:FISV) traded up 0.31% during mid-day trading on Monday, reaching $122.70. 41,901 shares of the company’s stock traded hands. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The company has a 50 day moving average price of $124.15 and a 200-day moving average price of $120.11. The stock has a market cap of $25.82 billion, a P/E ratio of 30.04 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. On average, analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current year.
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Several research analysts recently commented on FISV shares. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, July 19th. Wedbush restated an “outperform” rating and set a $146.25 target price (up previously from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $118.00 target price on shares of Fiserv in a report on Tuesday, June 20th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $126.91.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the sale, the insider now owns 303,151 shares of the company’s stock, valued at approximately $37,912,064.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 51,000 shares of company stock worth $6,342,700 in the last three months. 1.80% of the stock is owned by corporate insiders.
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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