Whitnell & Co. reduced its position in Fiserv Inc (NASDAQ:FISV) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 88,031 shares of the business services provider’s stock after selling 1,101 shares during the quarter. Fiserv accounts for about 3.0% of Whitnell & Co.’s portfolio, making the stock its 2nd largest position. Whitnell & Co.’s holdings in Fiserv were worth $9,119,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Sheaff Brock Investment Advisors LLC increased its position in Fiserv by 1.3% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 7,625 shares of the business services provider’s stock valued at $790,000 after acquiring an additional 100 shares during the period. Truewealth LLC boosted its stake in shares of Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after acquiring an additional 103 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its stake in shares of Fiserv by 3.3% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,303 shares of the business services provider’s stock worth $342,000 after acquiring an additional 105 shares in the last quarter. Grandfield & Dodd LLC boosted its stake in shares of Fiserv by 1.6% during the 3rd quarter. Grandfield & Dodd LLC now owns 6,601 shares of the business services provider’s stock worth $684,000 after acquiring an additional 105 shares in the last quarter. Finally, Dowling & Yahnke LLC boosted its stake in shares of Fiserv by 0.6% during the 3rd quarter. Dowling & Yahnke LLC now owns 16,846 shares of the business services provider’s stock worth $1,745,000 after acquiring an additional 106 shares in the last quarter.
FISV traded up $0.96 during trading on Friday, reaching $110.61. 4,201,000 shares of the stock traded hands, compared to its average volume of 4,555,937. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $111.46. The stock has a market cap of $40.87 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The stock’s 50-day simple moving average is $104.63 and its two-hundred day simple moving average is $97.58. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97.
Several equities research analysts have recently weighed in on the company. Oppenheimer raised their price objective on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Atlantic Securities started coverage on Fiserv in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 target price for the company. Robert W. Baird raised their target price on Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. ValuEngine cut Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Citigroup raised Fiserv from a “neutral” rating to a “buy” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Buy” and a consensus target price of $107.85.
In related news, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total transaction of $2,658,250.00. Following the sale, the chief executive officer now directly owns 257,829 shares of the company’s stock, valued at $27,414,957.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Guy Chiarello sold 46,000 shares of Fiserv stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $107.70, for a total value of $4,954,200.00. Following the sale, the insider now directly owns 372,447 shares in the company, valued at $40,112,541.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,000 shares of company stock worth $13,422,250. 1.40% of the stock is owned by company insiders.
Fiserv Company 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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