Steward Partners Investment Advisory LLC Sells 6,020 Shares of Fiserv, Inc. $FISV

Steward Partners Investment Advisory LLC lessened its stake in Fiserv, Inc. (NASDAQ:FISV) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,170 shares of the business services provider’s stock after selling 6,020 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Fiserv were worth $19,856,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FISV. E Fund Management Co. Ltd. lifted its stake in Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 55 shares in the last quarter. LaSalle St. Investment Advisors LLC raised its holdings in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 62 shares during the last quarter. SageView Advisory Group LLC lifted its position in shares of Fiserv by 4.0% during the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 62 shares in the last quarter. Howland Capital Management LLC boosted its holdings in Fiserv by 0.5% during the first quarter. Howland Capital Management LLC now owns 13,874 shares of the business services provider’s stock worth $3,064,000 after purchasing an additional 64 shares during the last quarter. Finally, 17 Capital Partners LLC grew its position in Fiserv by 0.9% in the 1st quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost 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 approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Fiserv Stock Down 0.3%

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

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FISV shares. Susquehanna restated a “positive” rating and issued a $99.00 target price (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Truist Financial lowered Fiserv from a “buy” rating to a “hold” rating and dropped their price target for the stock from $143.00 to $75.00 in a report on Thursday, October 30th. Morgan Stanley cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective on the stock. in a research report on Friday, November 14th. Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research report on Wednesday, October 29th. Finally, BTIG Research reissued a “buy” rating and issued a $180.00 price target on shares of Fiserv in a report on Wednesday, October 29th. Eleven 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 stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $123.25.

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.