Alpha Cubed Investments LLC Lowers Stock Holdings in Fiserv, Inc. $FISV

Alpha Cubed Investments LLC reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 96.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,359 shares of the business services provider’s stock after selling 123,251 shares during the period. Alpha Cubed Investments LLC’s holdings in Fiserv were worth $562,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the period. Truist Financial Corp boosted its holdings in shares of Fiserv by 6.9% in the second quarter. Truist Financial Corp now owns 282,081 shares of the business services provider’s stock valued at $48,634,000 after acquiring an additional 18,299 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new position in Fiserv during the second quarter worth about $418,000. Finally, PFG Investments LLC lifted its position in shares of Fiserv by 18.7% during the 2nd quarter. PFG Investments LLC now owns 3,035 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 478 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. UBS Group set a $75.00 target price on Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Compass Point cut Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a report on Wednesday, October 29th. Seaport Research Partners downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Citigroup decreased their price target on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $113.34.

Fiserv Stock Performance

NASDAQ FISV opened at $63.73 on Friday. The firm has a 50-day moving average of $66.34 and a 200-day moving average of $102.25. The stock has a market cap of $34.64 billion, a PE ratio of 9.85, a P/E/G ratio of 3.63 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week 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.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.Fiserv’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Insiders Place Their Bets

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

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.