Fiserv, Inc. $FISV Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC reduced its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 18.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 893,965 shares of the business services provider’s stock after selling 200,694 shares during the period. Fiserv comprises 1.3% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 17th largest holding. Vulcan Value Partners LLC’s holdings in Fiserv were worth $43,849,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FISV. Handelsbanken Fonder AB lifted its stake in shares of Fiserv by 16.9% during the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock worth $8,638,000 after purchasing an additional 25,477 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $1,996,000. Blume Capital Management Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at about $4,226,000. Ethic Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at about $5,795,000. Finally, Mission Wealth Management LP acquired a new position in Fiserv during the 4th quarter worth approximately $696,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other Fiserv news, Director Lance Fritz bought 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Paul Todd bought 10,060 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by corporate insiders.

Fiserv Stock Down 4.0%

Shares of Fiserv stock traded down $2.14 during trading on Tuesday, reaching $50.86. The company had a trading volume of 16,659,755 shares, compared to its average volume of 7,749,744. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 3.99 and a beta of 0.80. The firm’s fifty day moving average is $52.34 and its 200-day moving average is $55.13. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a fifty-two week low of $47.04 and a fifty-two week high of $136.60.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data 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 net margin of 13.42% and a return on equity of 15.80%. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts anticipate that Fiserv, Inc. will post 7.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FISV. UBS Group set a $60.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings downgraded shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 12th. TD Cowen reaffirmed a “hold” rating and set a $55.00 price target on shares of Fiserv in a report on Thursday, September 3rd. Loop Capital dropped their price target on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Fiserv from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.20.

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.