Fiserv, Inc. $FISV Stock Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. decreased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 43.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,449 shares of the business services provider’s stock after selling 48,109 shares during the quarter. Dudley & Shanley Inc.’s holdings in Fiserv were worth $2,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $27,000. Reflection Asset Management acquired a new stake in shares of Fiserv during the fourth quarter valued at about $36,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Fiserv during the second quarter valued at about $30,000. Osterweis Capital Management Inc. purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $32,000. Finally, Bank of New Hampshire acquired a new position in shares of Fiserv in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FISV has been the subject of several research reports. Susquehanna dropped their target price on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. lowered their price target on Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. TD Cowen reiterated a “hold” rating and issued a $55.00 price objective on shares of Fiserv in a report on Thursday, September 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $53.00 target price on shares of Fiserv in a research note on Monday, August 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.70.

Fiserv Stock Down 0.6%

FISV stock traded down $0.26 during mid-day trading on Tuesday, reaching $45.88. The company had a trading volume of 1,320,103 shares, compared to its average volume of 7,670,485. The firm has a fifty day simple moving average of $50.90 and a 200 day simple moving average of $53.38. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $43.87 and a fifty-two week high of $128.78.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 7.27 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other news, Director Lance Fritz acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director owned 27,207 shares in the company, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.