Tarbox Family Office Inc. Reduces Stock Position in Fiserv, Inc. (NASDAQ:FISV)

Tarbox Family Office Inc. cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 34.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 361 shares of the business services provider’s stock after selling 186 shares during the quarter. Tarbox Family Office Inc.’s holdings in Fiserv were worth $37,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Welch & Forbes LLC increased its holdings in Fiserv by 2.3% during the 1st quarter. Welch & Forbes LLC now owns 918,989 shares of the business services provider’s stock worth $93,186,000 after purchasing an additional 20,503 shares during the last quarter. Mission Wealth Management LP increased its holdings in Fiserv by 139.7% during the 1st quarter. Mission Wealth Management LP now owns 17,082 shares of the business services provider’s stock worth $1,732,000 after purchasing an additional 9,956 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Fiserv during the 1st quarter worth approximately $6,487,000. Physicians Financial Services Inc. bought a new stake in shares of Fiserv in the 1st quarter valued at approximately $202,000. Finally, Coerente Capital Management increased its holdings in shares of Fiserv by 1.4% in the 1st quarter. Coerente Capital Management now owns 219,782 shares of the business services provider’s stock valued at $22,285,000 after acquiring an additional 3,034 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

Shares of Fiserv stock opened at $94.11 on Wednesday. The stock’s fifty day moving average is $95.49 and its 200-day moving average is $99.34. The firm has a market capitalization of $61.36 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 1.07 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Fiserv, Inc. has a 12-month low of $87.03 and a 12-month high of $119.86.

Fiserv (NASDAQ:FISVGet Rating) last announced its earnings results on Wednesday, April 27th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.85 billion. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. Fiserv’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. Analysts expect that Fiserv, Inc. will post 6.47 EPS for the current year.

In related news, COO Guy Chiarello sold 43,000 shares of the company’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $104.31, for a total transaction of $4,485,330.00. Following the transaction, the chief operating officer now directly owns 216,864 shares of the company’s stock, valued at $22,621,083.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Holdings L.P. Valueact purchased 67,050 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were acquired at an average cost of $94.96 per share, for a total transaction of $6,367,068.00. Following the completion of the transaction, the director now directly owns 13,214,826 shares of the company’s stock, valued at approximately $1,254,879,876.96. The disclosure for this purchase can be found here. Insiders have bought 1,404,234 shares of company stock worth $131,032,589 over the last ninety days. 1.00% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on FISV shares. Truist Financial lowered their price target on Fiserv from $105.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 30th. TheStreet upgraded Fiserv from a “c+” rating to a “b” rating in a research report on Thursday, April 28th. Stephens assumed coverage on Fiserv in a research report on Wednesday, April 6th. They set an “equal weight” rating and a $110.00 price objective for the company. William Blair restated an “outperform” rating on shares of Fiserv in a research report on Wednesday, March 9th. Finally, Tigress Financial boosted their price objective on Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. Eleven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $124.64.

Fiserv Company Profile (Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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