Verus Capital Partners LLC reduced its stake in Fiserv Inc (NASDAQ:FISV) by 17.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,399 shares of the business services provider’s stock after selling 300 shares during the period. Verus Capital Partners LLC’s holdings in Fiserv were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of FISV. Macquarie Group Ltd. boosted its position in Fiserv by 23.5% during the 4th quarter. Macquarie Group Ltd. now owns 358,620 shares of the business services provider’s stock worth $41,467,000 after buying an additional 68,148 shares during the period. Avantax Advisory Services Inc. lifted its holdings in Fiserv by 8.1% during the first quarter. Avantax Advisory Services Inc. now owns 3,552 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 266 shares during the last quarter. Bluefin Trading LLC purchased a new stake in Fiserv during the fourth quarter valued at about $1,750,000. ZWJ Investment Counsel Inc. lifted its holdings in Fiserv by 14.9% during the first quarter. ZWJ Investment Counsel Inc. now owns 192,585 shares of the business services provider’s stock valued at $18,294,000 after purchasing an additional 24,990 shares during the last quarter. Finally, Vigilare Wealth Management bought a new position in shares of Fiserv in the fourth quarter worth approximately $202,000. Institutional investors own 93.02% of the company’s stock.

In related news, CEO Jeffery W. Yabuki sold 2,500 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of $101.61, for a total transaction of $254,025.00. Following the completion of the transaction, the chief executive officer now owns 305,537 shares in the company, valued at $31,045,614.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Chiarello sold 20,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $108.96, for a total transaction of $2,179,200.00. Following the transaction, the insider now owns 302,775 shares of the company’s stock, valued at approximately $32,990,364. The disclosure for this sale can be found here. In the last three months, insiders sold 407,996 shares of company stock worth $42,532,359. 1.60% of the stock is currently owned by insiders.

Several research firms recently weighed in on FISV. UBS Group decreased their price objective on shares of Fiserv from $137.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Co upped their price objective on shares of Fiserv from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Rosenblatt Securities reiterated a “hold” rating and set a $107.00 price target on shares of Fiserv in a research report on Thursday, May 7th. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Raymond James lowered their price objective on Fiserv from $133.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Six equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.19.

Shares of FISV stock traded down $0.73 during trading hours on Friday, hitting $96.70. 889,964 shares of the company were exchanged, compared to its average volume of 4,680,114. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv Inc has a one year low of $73.50 and a one year high of $125.05. The business’s 50-day simple moving average is $103.78 and its two-hundred day simple moving average is $107.72. The stock has a market capitalization of $65.23 billion, a price-to-earnings ratio of 53.53, a P/E/G ratio of 1.69 and a beta of 0.83.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.99. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.87 billion. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The firm’s quarterly revenue was up 150.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. As a group, analysts anticipate that Fiserv Inc will post 4.41 EPS for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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