Fiserv, Inc. (FISV) Position Reduced by Puzo Michael J
Puzo Michael J lessened its holdings in Fiserv, Inc. (NASDAQ:FISV) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,094 shares of the business services provider’s stock after selling 490 shares during the quarter. Fiserv makes up about 3.0% of Puzo Michael J’s holdings, making the stock its 13th largest position. Puzo Michael J’s holdings in Fiserv were worth $5,687,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Dempze Nancy E increased its holdings in Fiserv by 2.9% in the third quarter. Dempze Nancy E now owns 14,360 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 401 shares during the last quarter. Gardiner Nancy B increased its holdings in Fiserv by 5.7% in the third quarter. Gardiner Nancy B now owns 13,906 shares of the business services provider’s stock valued at $1,794,000 after buying an additional 746 shares during the last quarter. Hemenway Trust Co LLC increased its holdings in Fiserv by 1.0% in the third quarter. Hemenway Trust Co LLC now owns 124,390 shares of the business services provider’s stock valued at $16,041,000 after buying an additional 1,207 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in Fiserv in the third quarter valued at $206,000. Finally, Fayerweather Charles increased its holdings in Fiserv by 2.2% in the third quarter. Fayerweather Charles now owns 25,180 shares of the business services provider’s stock valued at $3,247,000 after buying an additional 545 shares during the last quarter. 87.85% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the sale, the insider now owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction dated 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 directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,124 shares of company stock valued at $7,133,943. Insiders own 1.80% of the company’s stock.
Several research firms recently commented on FISV. Barclays PLC reissued an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 price objective (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $115.00 price objective on shares of Fiserv in a report on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $127.77.
Shares of Fiserv, Inc. (NASDAQ FISV) traded down 0.42% during midday trading on Tuesday, hitting $128.90. 204,902 shares of the stock traded hands. The firm has a 50-day moving average price of $127.10 and a 200 day moving average price of $123.88. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 31.55 and a beta of 0.82. Fiserv, Inc. has a one year low of $97.06 and a one year high of $130.20.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $1.08 EPS. Fiserv’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts anticipate 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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