736,947 Fiserv, Inc. $FISV Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 24.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,237,022 shares of the business services provider’s stock after selling 736,947 shares during the quarter. Fiserv comprises approximately 1.5% of Cooke & Bieler LP’s investment portfolio, making the stock its 22nd largest position. Cooke & Bieler LP’s holdings in Fiserv were worth $101,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Axxcess Wealth Management LLC boosted its stake in shares of Fiserv by 35.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 7,058 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 1,858 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Fiserv by 7.6% in the third quarter. Pinnacle Associates Ltd. now owns 4,943 shares of the business services provider’s stock valued at $223,000 after buying an additional 350 shares during the period. Lazari Capital Management Inc. boosted its position in Fiserv by 19.7% during the third quarter. Lazari Capital Management Inc. now owns 27,340 shares of the business services provider’s stock valued at $1,235,000 after acquiring an additional 4,500 shares during the last quarter. Investment Research Partners LLC boosted its position in Fiserv by 3.7% during the third quarter. Investment Research Partners LLC now owns 12,219 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 439 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE boosted its position in Fiserv by 13.3% during the third quarter. Smithbridge Asset Management Inc. DE now owns 81,287 shares of the business services provider’s stock valued at $3,673,000 after acquiring an additional 9,521 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, Director Lance Fritz acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Fiserv Stock Down 0.1%

Fiserv stock opened at $48.21 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 12-month low of $43.87 and a 12-month high of $128.78. The firm’s fifty day moving average is $49.19 and its 200 day moving average is $52.58. The company has a market capitalization of $25.64 billion, a PE ratio of 6.30, a PEG ratio of 4.82 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv, Inc. will post 7.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FISV has been the subject of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $65.00 price objective (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. Raymond James Financial reissued a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. B. Riley Financial cut their target price on Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, September 28th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, Cantor Fitzgerald decreased their target price on Fiserv from $53.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, October 16th. Five research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Hold” and a consensus price target of $66.55.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.