Integrated Wealth Concepts LLC Lowers Stake in Fiserv, Inc. $FISV

Integrated Wealth Concepts LLC cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 37.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,583 shares of the business services provider’s stock after selling 11,357 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Fiserv were worth $912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Fiserv during the 2nd quarter worth about $2,079,711,000. Geode Capital Management LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $854,215,000. Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter worth $555,964,000. Capital World Investors purchased a new position in shares of Fiserv in the 4th quarter valued at $325,470,000. Finally, Barclays PLC purchased a new position in shares of Fiserv in the 4th quarter valued at $276,237,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, Director Lance Fritz purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FISV. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Citigroup reissued a “neutral” rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. The Goldman Sachs Group restated a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fiserv in a research report on Wednesday, September 9th. Finally, UBS Group set a $60.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Price Performance

FISV opened at $47.19 on Friday. Fiserv, Inc. has a twelve month low of $47.04 and a twelve month high of $133.37. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.71 and a beta of 0.80. 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 company has a fifty day simple moving average of $52.01 and a 200 day simple moving average of $54.53.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s quarterly revenue was down 4.1% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.