Bank of New Hampshire Sells 100 Shares of Fiserv, Inc. (NASDAQ:FISV)

Bank of New Hampshire cut its holdings in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,090 shares of the business services provider’s stock after selling 100 shares during the period. Bank of New Hampshire’s holdings in Fiserv were worth $110,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in FISV. Atlas Capital Advisors LLC increased its stake in Fiserv by 71.9% during the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Colonial Trust Advisors purchased a new position in shares of Fiserv in the 3rd quarter worth approximately $28,000. MV Capital Management Inc. increased its position in shares of Fiserv by 58.8% during the 3rd quarter. MV Capital Management Inc. now owns 308 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 114 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Fiserv by 61.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 401 shares of the business services provider’s stock valued at $37,000 after buying an additional 153 shares during the period. Finally, Cambridge Trust Co. lifted its position in Fiserv by 45.1% in the third quarter. Cambridge Trust Co. now owns 402 shares of the business services provider’s stock worth $38,000 after buying an additional 125 shares during the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FISV. Susquehanna lifted their price target on shares of Fiserv from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Wednesday, February 8th. Tigress Financial reaffirmed a “buy” rating and set a $154.00 target price (up previously from $152.00) on shares of Fiserv in a research note on Friday, February 24th. Raymond James boosted their price objective on Fiserv from $109.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. Royal Bank of Canada increased their target price on Fiserv from $123.00 to $131.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Finally, Wells Fargo & Company boosted their target price on shares of Fiserv from $101.00 to $104.00 and gave the company an “underweight” rating in a research note on Wednesday, February 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.14.

Insider Buying and Selling

In other Fiserv news, Director Holdings L.P. Valueact sold 675,014 shares of the stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $101.51, for a total value of $68,520,671.14. Following the completion of the sale, the director now directly owns 11,647,776 shares in the company, valued at $1,182,365,741.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Fiserv news, Director Holdings L.P. Valueact sold 675,014 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $101.51, for a total transaction of $68,520,671.14. Following the transaction, the director now owns 11,647,776 shares in the company, valued at approximately $1,182,365,741.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 1,063 shares of Fiserv stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $105.03, for a total transaction of $111,646.89. Following the sale, the chief operating officer now owns 201,623 shares of the company’s stock, valued at $21,176,463.69. The disclosure for this sale can be found here. Insiders have sold a total of 1,755,044 shares of company stock worth $179,073,098 in the last ninety days. 1.00% of the stock is owned by insiders.

Fiserv Stock Performance

FISV stock opened at $108.17 on Friday. Fiserv, Inc. has a one year low of $87.03 and a one year high of $119.48. The firm has a market cap of $67.94 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day simple moving average of $110.27 and a two-hundred day simple moving average of $103.73.

Fiserv (NASDAQ:FISV – Get Rating) last posted its earnings results on Tuesday, February 7th. The business services provider reported $1.91 EPS for the quarter, meeting analysts’ consensus estimates of $1.91. Fiserv had a net margin of 14.26% and a return on equity of 13.32%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. Fiserv’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Fiserv, Inc. will post 7.32 EPS for the current fiscal year.

Fiserv announced that its board has approved a share buyback program on Thursday, February 23rd that permits the company to buyback 75,000,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Fiserv Company Profile

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Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.