Fiserv, Inc. (NASDAQ:FISV) Shares Sold by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ lessened its stake in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 13.5% during the first quarter, Holdings Channel reports. The firm owned 109,614 shares of the business services provider’s stock after selling 17,046 shares during the period. Palisade Capital Management LLC NJ’s holdings in Fiserv were worth $11,115,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FISV. Yarbrough Capital LLC purchased a new position in shares of Fiserv in the 4th quarter valued at $246,000. Fifth Third Bancorp raised its stake in shares of Fiserv by 8.5% in the 4th quarter. Fifth Third Bancorp now owns 110,751 shares of the business services provider’s stock valued at $11,495,000 after acquiring an additional 8,693 shares during the period. Intelligence Driven Advisers LLC purchased a new position in shares of Fiserv in the 4th quarter valued at $876,000. MV Capital Management Inc. raised its stake in shares of Fiserv by 73.1% in the 4th quarter. MV Capital Management Inc. now owns 315 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 133 shares during the period. Finally, Investment Management of Virginia LLC purchased a new stake in Fiserv during the 4th quarter worth $283,000. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Fiserv Trading Down 0.5 %

Fiserv stock opened at $106.08 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $96.34 and a two-hundred day moving average price of $98.20. The firm has a market capitalization of $67.85 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.22 and a beta of 0.88. Fiserv, Inc. has a 52-week low of $87.03 and a 52-week high of $119.86.

Fiserv (NASDAQ:FISVGet Rating) last posted its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.06 billion. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. Fiserv’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.37 EPS. Sell-side analysts expect that Fiserv, Inc. will post 6.49 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now directly owns 237,053 shares of the company’s stock, valued at approximately $24,911,899.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Guy Chiarello sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now directly owns 237,053 shares of the company’s stock, valued at approximately $24,911,899.77. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Holdings L.P. Valueact purchased 291,659 shares of Fiserv stock in a transaction dated Monday, June 13th. The stock was bought at an average cost of $89.65 per share, with a total value of $26,147,229.35. Following the completion of the purchase, the director now owns 14,439,435 shares in the company, valued at approximately $1,294,495,347.75. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,224,609 shares of company stock valued at $113,982,154 and sold 49,000 shares valued at $5,072,700. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FISV has been the topic of several analyst reports. Mizuho lifted their price target on shares of Fiserv from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Morgan Stanley lifted their price target on shares of Fiserv from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Cowen downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $144.00 to $126.00 in a research note on Tuesday, April 12th. Wells Fargo & Company lifted their price target on shares of Fiserv to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Fiserv from $135.00 to $115.00 in a research note on Monday, July 11th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.46.

Fiserv Company Profile

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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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