Fiserv, Inc. (FISV) Stake Lessened by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,177 shares of the business services provider’s stock after selling 2,630 shares during the quarter. Fiserv accounts for approximately 2.4% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 13th biggest holding. Nichols & Pratt Advisers LLP MA owned approximately 0.10% of Fiserv worth $26,843,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FISV. Dupont Capital Management Corp lifted its stake in Fiserv by 6.8% in the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after purchasing an additional 826 shares in the last quarter. Great Lakes Advisors LLC increased its holdings in shares of Fiserv by 2.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after buying an additional 378 shares during the last quarter. Tredje AP fonden increased its holdings in shares of Fiserv by 38.1% during the 2nd quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after buying an additional 19,050 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of Fiserv by 755.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock worth $12,552,000 after buying an additional 90,600 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of Fiserv by 3.1% during the 3rd quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock worth $28,259,000 after buying an additional 6,646 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks, Inc. restated a “hold” rating and set a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Cowen and Company restated a “hold” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Finally, Robert W. Baird restated an “outperform” rating and set a $146.00 price target (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $130.41.

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In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the sale, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,124 shares of company stock valued at $7,133,943. Corporate insiders own 1.80% of the company’s stock.

Shares of Fiserv, Inc. (NASDAQ FISV) traded down $1.15 during mid-day trading on Monday, reaching $128.39. 805,400 shares of the company’s stock traded hands, compared to its average volume of 866,464. The stock has a market cap of $26,760.00, a PE ratio of 26.36, a PEG ratio of 2.20 and a beta of 0.82. Fiserv, Inc. has a 52 week low of $102.51 and a 52 week high of $130.20. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. Fiserv’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.14 earnings per share. sell-side analysts predict that Fiserv, Inc. will post 5.08 earnings per share for the current fiscal year.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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