WASHINGTON TRUST Co Lowers Stock Holdings in Fiserv, Inc. $FISV

WASHINGTON TRUST Co lessened its holdings in Fiserv, Inc. (NASDAQ:FISV) by 19.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,997 shares of the business services provider’s stock after selling 1,196 shares during the period. WASHINGTON TRUST Co’s holdings in Fiserv were worth $862,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. E Fund Management Co. Ltd. grew its position in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock worth $206,000 after purchasing an additional 56 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in Fiserv by 0.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after purchasing an additional 57 shares during the period. LaSalle St. Investment Advisors LLC grew its holdings in Fiserv by 5.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after buying an additional 62 shares in the last quarter. Finally, SageView Advisory Group LLC raised its position in shares of Fiserv by 4.0% during the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after buying an additional 62 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

NASDAQ:FISV opened at $64.53 on Friday. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The business has a 50 day simple moving average of $112.95 and a 200-day simple moving average of $143.03. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FISV shares. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. BNP Paribas cut Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Wednesday, November 5th. Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a research note on Wednesday, October 29th. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a report on Thursday, October 30th. Finally, Morgan Stanley set a $81.00 price objective on Fiserv and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.25.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.