Toth Financial Advisory Corp cut its holdings in Fiserv, Inc. (NASDAQ:FISV) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,220 shares of the business services provider’s stock after selling 218 shares during the period. Fiserv comprises about 2.5% of Toth Financial Advisory Corp’s holdings, making the stock its 7th largest position. Toth Financial Advisory Corp’s holdings in Fiserv were worth $12,801,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. CX Institutional raised its stake in Fiserv by 104.8% in the second quarter. CX Institutional now owns 258 shares of the business services provider’s stock valued at $25,000 after buying an additional 132 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in shares of Fiserv during the second quarter worth about $34,000. Exchange Traded Concepts LLC purchased a new position in shares of Fiserv during the second quarter worth about $40,000. Financial Management Professionals Inc. grew its holdings in shares of Fiserv by 47.5% during the second quarter. Financial Management Professionals Inc. now owns 447 shares of the business services provider’s stock worth $44,000 after purchasing an additional 144 shares during the last quarter. Finally, Tarbox Family Office Inc. grew its holdings in shares of Fiserv by 54.8% during the second quarter. Tarbox Family Office Inc. now owns 545 shares of the business services provider’s stock worth $53,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 93.15% of the company’s stock.
Shares of FISV stock traded down $0.59 during midday trading on Friday, reaching $101.22. 2,886,180 shares of the company traded hands, compared to its average volume of 4,735,924. The firm’s 50 day simple moving average is $100.86 and its two-hundred day simple moving average is $100.24. Fiserv, Inc. has a 1-year low of $73.50 and a 1-year high of $125.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $67.78 billion, a PE ratio of 80.33, a price-to-earnings-growth ratio of 1.49 and a beta of 0.78.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Fiserv had a net margin of 5.82% and a return on equity of 8.34%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.28 billion. As a group, research analysts anticipate that Fiserv, Inc. will post 4.4 earnings per share for the current fiscal year.
In related news, Chairman Jeffery W. Yabuki sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $102.44, for a total transaction of $3,073,200.00. Following the completion of the transaction, the chairman now directly owns 243,837 shares in the company, valued at approximately $24,978,662.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Omaha Holdings L.P. New sold 5,000,000 shares of Fiserv stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $98.00, for a total value of $490,000,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,040,000 shares of company stock valued at $494,123,200. Insiders own 1.60% of the company’s stock.
Several equities analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “hold” rating and set a $107.00 price objective (up previously from $105.00) on shares of Fiserv in a report on Thursday, August 6th. Robert W. Baird raised their price objective on Fiserv from $134.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Goldman Sachs Group assumed coverage on Fiserv in a report on Tuesday, July 14th. They set a “conviction-buy” rating and a $125.00 price objective on the stock. Loop Capital assumed coverage on Fiserv in a report on Tuesday, September 22nd. They set a “hold” rating and a $108.00 price objective on the stock. Finally, Mizuho raised their price target on Fiserv from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Eight analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $123.96.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. Its First Data segment provides merchant acquiring, e-commerce, mobile commerce, and other business solutions; credit card and loan account processing, commercial payments, customer communications, plastics solutions, customer service, and other products; and various network solutions and security, and risk and fraud management solutions.
Further Reading: How is net asset value different from market price?
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.