Fiserv Inc (NASDAQ:FISV) Stock Position Lessened by Whitnell & Co.

Whitnell & Co. lessened its stake in shares of Fiserv Inc (NASDAQ:FISV) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,031 shares of the business services provider’s stock after selling 1,101 shares during the quarter. Fiserv comprises about 3.0% of Whitnell & Co.’s investment portfolio, making the stock its 2nd biggest holding. Whitnell & Co.’s holdings in Fiserv were worth $9,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FISV. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fiserv by 8.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after acquiring an additional 3,933,642 shares during the last quarter. Waddell & Reed Financial Inc. boosted its holdings in shares of Fiserv by 302.5% in the second quarter. Waddell & Reed Financial Inc. now owns 2,670,227 shares of the business services provider’s stock worth $243,418,000 after buying an additional 2,006,798 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Fiserv by 2,018.4% in the second quarter. Nuveen Asset Management LLC now owns 1,904,545 shares of the business services provider’s stock worth $173,618,000 after buying an additional 1,814,639 shares during the last quarter. Strs Ohio boosted its holdings in shares of Fiserv by 3,894.4% in the third quarter. Strs Ohio now owns 950,337 shares of the business services provider’s stock worth $98,445,000 after buying an additional 926,545 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Fiserv by 2.8% in the second quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock worth $2,961,594,000 after buying an additional 883,535 shares during the last quarter.

In related news, insider Guy Chiarello sold 46,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the sale, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher M. Foskett sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the sale, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at $14,916,777.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,000 shares of company stock valued at $13,422,250. 1.40% of the stock is owned by insiders.

A number of equities analysts recently issued reports on the stock. Wedbush raised their price objective on shares of Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. assumed coverage on shares of Fiserv in a report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective on the stock. Finally, Argus reissued a “buy” rating on shares of Fiserv in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $107.85.

NASDAQ:FISV traded up $0.96 during trading hours on Friday, hitting $110.61. 4,201,000 shares of the stock traded hands, compared to its average volume of 4,555,937. The company has a market cap of $40.87 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $111.46. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a 50 day moving average price of $104.63 and a 200 day moving average price of $97.58.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Fiserv Inc will post 4.03 earnings per share for the current fiscal year.

About Fiserv

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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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