Capital Investment Services of America Inc. trimmed its position in Fiserv Inc (NASDAQ:FISV) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,295 shares of the business services provider’s stock after selling 5,665 shares during the quarter. Fiserv accounts for 3.9% of Capital Investment Services of America Inc.’s holdings, making the stock its 2nd largest holding. Capital Investment Services of America Inc. owned about 0.07% of Fiserv worth $26,550,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of FISV. Truewealth LLC lifted its holdings in shares of Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after buying an additional 103 shares during the period. Advantage Investment Management LLC lifted its holdings in shares of Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after buying an additional 187 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Fiserv in the 3rd quarter worth $31,000. Wealthcare Advisory Partners LLC lifted its stake in shares of Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 87.43% of the company’s stock.
In related news, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $94.25, for a total transaction of $1,885,000.00. Following the transaction, the insider now directly owns 331,429 shares of the company’s stock, valued at approximately $31,237,183.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total value of $2,686,250.00. Following the transaction, the chairman now directly owns 291,429 shares in the company, valued at $31,314,046.05. The disclosure for this sale can be found here. Insiders have sold a total of 141,000 shares of company stock worth $14,713,000 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the company. Argus restated a “buy” rating on shares of Fiserv in a research note on Monday, August 12th. Wells Fargo & Co assumed coverage on Fiserv in a research note on Wednesday, June 19th. They set an “outperform” rating and a $110.00 price objective for the company. Deutsche Bank upgraded Fiserv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $120.00 in a research note on Tuesday, July 30th. ValuEngine cut Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $102.88.
NASDAQ:FISV traded up $0.54 during mid-day trading on Friday, hitting $105.68. 1,616,896 shares of the company’s stock traded hands, compared to its average volume of 4,690,276. The company has a fifty day moving average of $105.03 and a 200 day moving average of $95.00. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $109.92. The company has a market capitalization of $40.52 billion, a P/E ratio of 34.09, a P/E/G ratio of 2.24 and a beta of 0.79. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97.
Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Fiserv Inc will post 3.83 earnings per share for the current fiscal year.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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