Fiserv, Inc. $FISV Stock: Quadrant Capital Group LLC Cuts Holdings

Quadrant Capital Group LLC cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 41.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,984 shares of the business services provider’s stock after selling 11,285 shares during the period. Quadrant Capital Group LLC’s holdings in Fiserv were worth $746,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Fiserv in the 2nd quarter valued at approximately $2,079,711,000. Deutsche Bank AG bought a new position in Fiserv during the second quarter worth $178,310,000. Legal & General Group Plc bought a new stake in Fiserv during the second quarter valued at $161,557,000. Bank of New York Mellon Corp bought a new stake in shares of Fiserv during the 2nd quarter valued at about $123,177,000. Finally, Turtle Creek Asset Management Inc. boosted its holdings in shares of Fiserv by 968.1% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,643,668 shares of the business services provider’s stock worth $147,517,000 after buying an additional 2,396,167 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Transactions at Fiserv

In other news, Director Lance Fritz bought 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the purchase, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Cantor Fitzgerald decreased their target price on Fiserv from $53.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, October 16th. Barclays set a $50.00 target price on Fiserv and gave the stock an “equal weight” rating in a research report on Friday, October 9th. Zacks Research cut Fiserv from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Truist Financial set a $51.00 price target on shares of Fiserv and gave the company a “hold” rating in a research report on Friday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.48.

Fiserv Stock Down 1.9%

FISV stock opened at $49.86 on Friday. The firm has a market capitalization of $26.51 billion, a PE ratio of 9.57, a P/E/G ratio of 4.98 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $128.78. The stock’s 50 day moving average is $49.01 and its 200-day moving average is $52.53.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Sell-side analysts expect that Fiserv, Inc. will post 7.25 EPS for the current fiscal year.

Fiserv 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.