Fiserv, Inc. $FISV Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lowered its holdings in Fiserv, Inc. (NASDAQ:FISV) by 45.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,233 shares of the business services provider’s stock after selling 24,890 shares during the quarter. Toth Financial Advisory Corp’s holdings in Fiserv were worth $1,366,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Fiserv in the second quarter valued at about $2,079,711,000. JANA Partners Management LP grew its holdings in Fiserv by 97.5% during the 1st quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock worth $247,507,000 after acquiring an additional 2,190,085 shares during the last quarter. Barclays PLC acquired a new stake in Fiserv in the 4th quarter valued at about $276,237,000. Deutsche Bank AG bought a new position in shares of Fiserv in the second quarter worth about $178,310,000. Finally, Legal & General Group Plc bought a new position in shares of Fiserv in the second quarter worth about $161,557,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FISV has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Susquehanna reduced their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. B. Riley Financial lowered their target price on Fiserv from $66.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday, September 28th. Finally, UBS Group set a $60.00 price target on Fiserv and gave the company a “neutral” rating in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus target price of $73.70.

Insiders Place Their Bets

In related news, Director Lance Fritz acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Fiserv Stock Down 0.4%

Shares of NASDAQ FISV traded down $0.16 during mid-day trading on Thursday, reaching $45.15. 1,650,098 shares of the company’s stock were exchanged, compared to its average volume of 7,639,716. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $128.78. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 4.53 and a beta of 0.80. The business has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $53.21.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. As a group, equities analysts expect that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.