Nichols & Pratt Advisers LLP MA Sells 22,873 Shares of Fiserv, Inc. $FISV

Nichols & Pratt Advisers LLP MA lowered its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,923 shares of the business services provider’s stock after selling 22,873 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Fiserv were worth $12,945,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FISV. Dodge & Cox acquired a new stake in Fiserv in the fourth quarter valued at approximately $3,323,210,000. BlackRock Inc. acquired a new stake in shares of Fiserv during the second quarter valued at about $2,079,711,000. State Street Corp bought a new stake in shares of Fiserv during the fourth quarter worth about $1,588,663,000. Geode Capital Management LLC acquired a new position in Fiserv in the 4th quarter valued at approximately $854,215,000. Finally, Amundi bought a new stake in shares of Fiserv in the fourth quarter worth $825,819,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FISV shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $65.00 price objective (down from $75.00) on shares of Fiserv in a research note on Friday, August 7th. TD Cowen decreased their price target on Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a report on Friday, August 7th. BMO Capital Markets restated a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Citigroup reiterated a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their price target on Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Insider Activity

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares in the company, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Todd purchased 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the transaction, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at $9,150,117.90. The trade was a 5.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.06% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $53.18 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. The stock has a market cap of $28.28 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 4.00 and a beta of 0.80. The stock’s fifty day simple moving average is $51.76 and its two-hundred day simple moving average is $55.60. Fiserv, Inc. has a 1-year low of $47.04 and a 1-year high of $138.85.

Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, analysts forecast that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.