Fiserv, Inc. $FISV Stock Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 61.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,211 shares of the business services provider’s stock after selling 11,539 shares during the quarter. Evergreen Capital Management LLC’s holdings in Fiserv were worth $326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FISV. Legacy Wealth Asset Management LLC increased its position in Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after buying an additional 195 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Fiserv by 10.4% during the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after acquiring an additional 215 shares during the last quarter. Intelligence Driven Advisers LLC grew its stake in shares of Fiserv by 4.0% during the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock worth $296,000 after acquiring an additional 250 shares during the last quarter. Plan A Wealth LLC grew its stake in shares of Fiserv by 4.2% during the third quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock worth $309,000 after acquiring an additional 277 shares during the last quarter. Finally, Gilpin Wealth Management LLC increased its holdings in shares of Fiserv by 22.6% during the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 281 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 3.2%

Shares of FISV stock opened at $50.02 on Friday. The stock’s 50-day simple moving average is $48.64 and its 200-day simple moving average is $54.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $26.60 billion, a PE ratio of 9.60, a P/E/G ratio of 5.00 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $43.87 and a fifty-two week high of $70.41.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities analysts expect that Fiserv, Inc. will post 7.25 earnings per share for the current year.

Insider Buying and Selling

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 bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, the director owned 27,207 shares in the company, valued at $1,413,403.65. This 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. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on FISV. Keefe, Bruyette & Woods decreased their price objective 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. B. Riley Financial dropped their target price on shares of Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, September 28th. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Morgan Stanley set a $59.00 price target on shares of Fiserv in a research note on Friday, August 7th. Finally, Bank of America started coverage on shares of Fiserv in a report on Thursday, October 15th. They issued an “underperform” rating and a $48.00 price target for the company. Five analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.38.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.