Fiserv Inc (FISV) Shares Sold by HPM Partners LLC

HPM Partners LLC trimmed its position in Fiserv Inc (NASDAQ:FISV) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,542 shares of the business services provider’s stock after selling 796 shares during the period. HPM Partners LLC’s holdings in Fiserv were worth $2,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FISV. Ardevora Asset Management LLP acquired a new stake in Fiserv in the third quarter worth approximately $35,645,000. Ninepoint Partners LP acquired a new stake in Fiserv in the third quarter worth approximately $27,056,000. PGGM Investments acquired a new stake in Fiserv in the fourth quarter worth approximately $27,026,000. BlackRock Inc. lifted its position in Fiserv by 1.1% in the fourth quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock worth $1,973,053,000 after purchasing an additional 166,837 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in Fiserv in the third quarter worth approximately $17,228,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.

FISV has been the topic of several research reports. BMO Capital Markets upped their price target on Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a report on Thursday, February 8th. SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Guggenheim reaffirmed a “buy” rating and issued a $160.00 price target on shares of Fiserv in a report on Monday, January 29th. Argus set a $148.00 price target on Fiserv and gave the company a “buy” rating in a report on Friday, January 12th. Finally, BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $140.73.

In other Fiserv news, Director Harry Disimone acquired 353 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $141.59 per share, for a total transaction of $49,981.27. Following the completion of the acquisition, the director now owns 154 shares of the company’s stock, valued at approximately $21,804.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $141.57, for a total transaction of $2,406,690.00. The disclosure for this sale can be found here. Insiders sold 73,160 shares of company stock valued at $10,037,582 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Fiserv Inc (NASDAQ:FISV) opened at $148.23 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.02 and a current ratio of 1.02. Fiserv Inc has a fifty-two week low of $113.29 and a fifty-two week high of $148.42. The company has a market cap of $30,625.49, a price-to-earnings ratio of 25.56, a PEG ratio of 2.07 and a beta of 0.83.

Fiserv shares are going to split on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly issued shares will be payable to shareholders after the market closes on Monday, March 19th.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company posted $1.16 EPS. Fiserv’s revenue was up 5.9% on a year-over-year basis. sell-side analysts predict that Fiserv Inc will post 6.23 earnings per share for the current year.

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About Fiserv

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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