Fiserv, Inc. $FISV Shares Sold by Nilsine Partners LLC

Nilsine Partners LLC lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 47.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,935 shares of the business services provider’s stock after selling 16,369 shares during the period. Nilsine Partners LLC’s holdings in Fiserv were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FISV. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new position in Fiserv in the 2nd quarter valued at approximately $34,000. Clear Street LLC acquired a new position in Fiserv during the second quarter worth $34,000. Christopher J. Hasenberg Inc boosted its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FISV opened at $68.97 on Tuesday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a 50 day moving average of $83.32 and a two-hundred day moving average of $125.46. The company has a market cap of $37.49 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.65 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.32 billion for the quarter. On average, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FISV has been the topic of several recent research reports. BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 price objective on shares of Fiserv in a research report on Wednesday, November 5th. Susquehanna reissued a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Seaport Res Ptn cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and cut their price target for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Finally, Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average price target of $121.08.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the transaction, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is currently owned by company insiders.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.