Pacad Investment Ltd. Sells 17,900 Shares of Fiserv, Inc. (NASDAQ:FISV)

Pacad Investment Ltd. decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 85.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the business services provider’s stock after selling 17,900 shares during the period. Pacad Investment Ltd.’s holdings in Fiserv were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of FISV. First Manhattan Co. grew its stake in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after acquiring an additional 134 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv in the second quarter worth $104,000. Parallel Advisors LLC grew its stake in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Fiserv in the first quarter worth $131,000. Finally, Trust Co. of Vermont grew its stake in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after acquiring an additional 453 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 123.53 on Friday. The company has a 50-day moving average of $123.56 and a 200-day moving average of $121.24. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The stock has a market capitalization of $26.00 billion, a PE ratio of 30.24 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. Fiserv’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. On average, equities research analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares in the company, valued at approximately $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 51,000 shares of company stock worth $6,342,700. Insiders own 1.80% of the company’s stock.

Several research firms have commented on FISV. Robert W. Baird restated a “buy” rating and issued a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Royal Bank Of Canada restated a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Cowen and Company reaffirmed a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research report on Thursday, August 3rd. Finally, Credit Suisse Group lifted their price objective on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $127.05.

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Fiserv Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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