Beck Mack & Oliver LLC Sells 6,975 Shares of Fiserv, Inc. (FISV)
Beck Mack & Oliver LLC cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 18.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,110 shares of the business services provider’s stock after selling 6,975 shares during the period. Beck Mack & Oliver LLC’s holdings in Fiserv were worth $4,012,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of Fiserv by 14.5% during the third quarter. Victory Capital Management Inc. now owns 26,861 shares of the business services provider’s stock worth $3,464,000 after acquiring an additional 3,393 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Fiserv in the 3rd quarter worth about $4,753,000. Dempze Nancy E grew its position in Fiserv by 2.9% in the 3rd quarter. Dempze Nancy E now owns 14,360 shares of the business services provider’s stock worth $1,852,000 after purchasing an additional 401 shares in the last quarter. Gardiner Nancy B grew its position in Fiserv by 5.7% in the 3rd quarter. Gardiner Nancy B now owns 13,906 shares of the business services provider’s stock worth $1,794,000 after purchasing an additional 746 shares in the last quarter. Finally, Hemenway Trust Co LLC grew its position in Fiserv by 1.0% in the 3rd quarter. Hemenway Trust Co LLC now owns 124,390 shares of the business services provider’s stock worth $16,041,000 after purchasing an additional 1,207 shares in the last quarter. 87.85% of the stock is owned by institutional investors.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the sale, the insider now directly owns 269,151 shares in the company, valued at $32,841,805.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock valued at $7,133,943 over the last 90 days. 1.80% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on FISV shares. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Wednesday, July 19th. BMO Capital Markets upped their price objective on shares of Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada upped their price objective on shares of Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $127.77.
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Fiserv, Inc. (FISV) traded down 0.41% on Tuesday, reaching $128.92. 520,422 shares of the company’s stock were exchanged. Fiserv, Inc. has a 52-week low of $97.06 and a 52-week high of $130.20. The firm’s 50 day moving average price is $127.10 and its 200 day moving average price is $123.88. The company has a market cap of $27.13 billion, a PE ratio of 31.56 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last announced 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 business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. On average, analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current year.
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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