Carderock Capital Management Inc. lowered its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,169 shares of the business services provider’s stock after selling 1,741 shares during the period. Fiserv makes up about 2.2% of Carderock Capital Management Inc.’s holdings, making the stock its 16th biggest position. Carderock Capital Management Inc.’s holdings in Fiserv were worth $4,793,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roberts Glore & Co. Inc. IL lifted its holdings in shares of Fiserv by 0.6% in the second quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 20 shares in the last quarter. Burney Co. increased its position in shares of Fiserv by 0.7% during the second quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock valued at $1,030,000 after acquiring an additional 55 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 64 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Fiserv by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,492 shares of the business services provider’s stock valued at $1,895,000 after acquiring an additional 85 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of Fiserv by 0.3% during the second quarter. Norinchukin Bank The now owns 29,125 shares of the business services provider’s stock valued at $3,563,000 after acquiring an additional 87 shares during the last quarter. 88.47% of the stock is owned by institutional investors and hedge funds.
A number of analysts have issued reports on FISV shares. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research report on Wednesday, September 6th. Robert W. Baird reissued a “buy” rating and issued a $136.00 target price on shares of Fiserv in a research report on Friday, September 8th. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Cowen reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $130.41.
Shares of Fiserv Inc (NASDAQ:FISV) traded down $0.78 during trading hours on Tuesday, reaching $130.35. The company had a trading volume of 773,150 shares, compared to its average volume of 682,350. Fiserv Inc has a 52 week low of $104.51 and a 52 week high of $133.36. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $27,160.00, a P/E ratio of 30.96, a PEG ratio of 2.24 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the company posted $1.14 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. equities research analysts anticipate that Fiserv Inc will post 5.08 earnings per share for the current fiscal year.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, the insider now directly owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the transaction, the insider now directly owns 313,835 shares in the company, valued at $39,926,088.70. The disclosure for this sale can be found here. Insiders sold a total of 49,439 shares of company stock worth $6,412,063 over the last ninety days. 1.80% of the stock is currently owned by insiders.
TRADEMARK VIOLATION NOTICE: This story was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.truebluetribune.com/2018/01/03/carderock-capital-management-inc-reduces-position-in-fiserv-inc-fisv-2.html.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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.