McKinley Carter Wealth Services Inc. Sells 8,640 Shares of Fiserv, Inc. $FISV

McKinley Carter Wealth Services Inc. reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 15.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,102 shares of the business services provider’s stock after selling 8,640 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Fiserv were worth $6,073,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Fiserv in the 2nd quarter worth about $1,252,260,000. Marshall Wace LLP bought a new position in shares of Fiserv during the second quarter valued at approximately $356,643,000. Worldquant Millennium Advisors LLC grew its stake in shares of Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after buying an additional 948,634 shares during the last quarter. Baupost Group LLC MA purchased a new stake in shares of Fiserv in the second quarter worth approximately $154,307,000. Finally, Amundi lifted its stake in shares of Fiserv by 27.2% during the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after acquiring an additional 807,916 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of FISV opened at $63.73 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50 day moving average price of $66.34 and a 200-day moving average price of $102.25. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The stock has a market capitalization of $34.64 billion, a PE ratio of 9.85, a PEG ratio of 3.63 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $2.30 EPS. 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 related news, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of a number of recent analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Susquehanna reaffirmed a “positive” rating and issued a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. The Goldman Sachs Group lowered shares of Fiserv from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $149.00 to $79.00 in a report on Thursday, October 30th. Jefferies Financial Group upped their target price on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Finally, BTIG Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $113.34.

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.