HM Payson & Co. Trims Holdings in Fiserv, Inc. $FISV

HM Payson & Co. trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 9.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 79,874 shares of the business services provider’s stock after selling 7,937 shares during the period. HM Payson & Co.’s holdings in Fiserv were worth $10,298,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FISV. Brighton Jones LLC raised its holdings in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Fiserv by 30.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 147,801 shares of the business services provider’s stock worth $32,639,000 after buying an additional 34,895 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Fiserv by 2.1% in the first quarter. Evergreen Capital Management LLC now owns 5,710 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 117 shares during the period. Finally, Activest Wealth Management increased its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 126 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FISV shares. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $205.00 to $80.00 in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Finally, William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $119.58.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 34,900 shares of company stock valued at $2,211,971. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Down 0.7%

Shares of NASDAQ:FISV opened at $67.50 on Monday. The firm has a market capitalization of $36.69 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. The business’s 50 day moving average price is $73.38 and its 200-day moving average price is $119.30. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

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

About Fiserv

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.