D.A. Davidson & CO. Has $18.40 Million Stock Position in Fiserv, Inc. $FISV

D.A. Davidson & CO. lessened its stake in Fiserv, Inc. (NASDAQ:FISV) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,717 shares of the business services provider’s stock after selling 14,592 shares during the quarter. D.A. Davidson & CO.’s holdings in Fiserv were worth $18,401,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Hager Investment Management Services LLC bought a new stake in Fiserv in the 2nd quarter valued at $34,000. Clear Street LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at about $34,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Fiserv during the third quarter worth about $28,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 34,900 shares of company stock valued at $2,211,971. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 2.1%

Shares of FISV stock opened at $66.99 on Tuesday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The stock has a market cap of $36.42 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 2.63 and a beta of 0.80. The firm’s 50-day moving average is $66.39 and its 200-day moving average is $115.21. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho cut their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. BTIG Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average target price of $114.42.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.