National Bank of Canada FI Sells 63,175 Shares of Fiserv, Inc. $FISV

National Bank of Canada FI lessened its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 378,559 shares of the business services provider’s stock after selling 63,175 shares during the quarter. National Bank of Canada FI owned approximately 0.07% of Fiserv worth $65,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC increased its stake in shares of Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after purchasing an additional 62 shares during the last quarter. 17 Capital Partners LLC boosted its holdings in Fiserv by 0.9% in the first 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. Abacus Wealth Partners LLC increased its position in Fiserv by 1.6% during the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock worth $794,000 after buying an additional 72 shares during the last quarter. ICW Investment Advisors LLC raised its holdings in Fiserv by 0.7% during the first quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock valued at $2,351,000 after buying an additional 77 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings 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 last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fiserv news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly 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 through this hyperlink. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 34,900 shares of company stock valued at $2,211,971 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Susquehanna restated a “positive” rating and issued a $99.00 price objective (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price on the stock. in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a report on Thursday, October 16th. Finally, William Blair downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $121.08.

Fiserv Stock Up 0.9%

Shares of FISV stock opened at $68.75 on Monday. The stock has a market cap of $37.37 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.80. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The stock has a fifty day moving average price of $84.45 and a 200 day moving average price of $126.09. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm 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%. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current 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.