Bath Savings Trust Co Sells 12,934 Shares of Fiserv, Inc. $FISV

Bath Savings Trust Co lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 105,371 shares of the business services provider’s stock after selling 12,934 shares during the period. Fiserv makes up approximately 1.3% of Bath Savings Trust Co’s holdings, making the stock its 21st largest holding. Bath Savings Trust Co’s holdings in Fiserv were worth $13,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FISV. Activest Wealth Management raised its holdings in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Clear Street LLC purchased a new stake in Fiserv during the second quarter worth $34,000. Christopher J. Hasenberg Inc lifted its stake in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FISV has been the subject of several analyst reports. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the company an “outperform” rating in a report on Thursday, October 30th. Morgan Stanley cut shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a research note on Friday, November 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $85.00 target price on shares of Fiserv in a research note on Thursday, December 4th. Susquehanna restated a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Finally, TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Insider Activity

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 34,900 shares of company stock valued at $2,211,971 in the last quarter. Insiders own 1.00% of the company’s stock.

Fiserv Price Performance

NASDAQ:FISV opened at $68.00 on Friday. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day moving average price of $79.82 and a 200 day moving average price of $124.00. The stock has a market cap of $36.96 billion, a PE ratio of 10.51, a P/E/G ratio of 2.63 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.