Northwest & Ethical Investments L.P. Cuts Stake in Fiserv, Inc. $FISV

Northwest & Ethical Investments L.P. cut its holdings in Fiserv, Inc. (NASDAQ:FISV) by 28.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,591 shares of the business services provider’s stock after selling 51,260 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Fiserv were worth $22,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FISV. Activest Wealth Management lifted its stake in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $34,000. Christopher J. Hasenberg Inc boosted its position in shares of Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in shares of Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Fiserv by 960.9% during the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Seaport Res Ptn downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $121.08.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $60.76 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a 50-day simple moving average of $101.28 and a 200-day simple moving average of $135.58. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The stock has a market capitalization of $33.03 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion for the quarter. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the transaction, the director directly owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.