Keybank National Association OH Sells 58,915 Shares of Fiserv, Inc. $FISV

Keybank National Association OH trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 12.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 399,840 shares of the business services provider’s stock after selling 58,915 shares during the period. Keybank National Association OH’s holdings in Fiserv were worth $51,551,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC raised its position in Fiserv by 2.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock worth $485,000 after purchasing an additional 77 shares during the period. Quadcap Wealth Management LLC raised its holdings in shares of Fiserv by 2.1% during the second quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 79 shares in the last quarter. Strategic Blueprint LLC raised its holdings in Fiserv by 4.4% in the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock worth $341,000 after purchasing an additional 83 shares in the last quarter. Glenview Trust co raised its stake in Fiserv by 0.3% in the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock worth $5,666,000 after buying an additional 85 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in shares of Fiserv by 0.9% in the 2nd quarter. Smithfield Trust Co now owns 9,773 shares of the business services provider’s stock valued at $1,685,000 after purchasing an additional 86 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In other news, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on FISV. Seaport Research Partners lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Jefferies Financial Group raised their price target on shares of Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a report on Thursday, October 16th. Zacks Research upgraded shares of Fiserv from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, TD Cowen reiterated a “hold” rating on shares of Fiserv in a research note on Monday, January 12th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus target price of $113.34.

Fiserv Stock Up 0.5%

NASDAQ FISV opened at $63.73 on Friday. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The company has a market capitalization of $34.64 billion, a P/E ratio of 9.85, a P/E/G ratio of 3.63 and a beta of 0.80. The stock has a 50 day moving average price of $66.34 and a 200-day moving average price of $102.25. 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 earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the firm earned $2.30 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

About Fiserv

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.