Manchester Capital Management LLC Sells 1,528 Shares of Fiserv, Inc. $FISV

Manchester Capital Management LLC trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 15.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,064 shares of the business services provider’s stock after selling 1,528 shares during the period. Manchester Capital Management LLC’s holdings in Fiserv were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in Fiserv during the 2nd quarter valued at approximately $34,000. Christopher J. Hasenberg Inc grew its holdings in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after buying an additional 136 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in shares of Fiserv by 960.9% in the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 221 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FISV shares. Truist Financial lowered shares of Fiserv from a “buy” rating to a “hold” rating and dropped their target price for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Citigroup decreased their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Argus reaffirmed a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.25.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Fiserv Trading Down 0.3%

FISV stock opened at $60.67 on Tuesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $102.72 and its 200-day moving average is $136.45. The firm has a market cap of $32.98 billion, a P/E ratio of 9.38, a P/E/G ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS 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. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.