Union Bancaire Privee UBP SA Reduces Stake in Fiserv, Inc. $FISV

Union Bancaire Privee UBP SA lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 55.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,395 shares of the business services provider’s stock after selling 24,892 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Fiserv were worth $2,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its position in shares of Fiserv by 5.3% in the fourth 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 in the last quarter. Versor Investments LP bought a new stake in Fiserv during the first quarter valued at $415,000. Wellington Management Group LLP grew its position in Fiserv by 1,205.1% during the first quarter. Wellington Management Group LLP now owns 565,201 shares of the business services provider’s stock worth $124,813,000 after buying an additional 521,894 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in Fiserv by 11.9% in the 1st quarter. Legacy Financial Advisors Inc. now owns 2,237 shares of the business services provider’s stock worth $494,000 after acquiring an additional 237 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Wednesday, November 5th. Compass Point cut shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a research note on Wednesday, October 29th. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 target price on shares of Fiserv in a research report on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $121.08.

Fiserv Price Performance

Shares of Fiserv stock opened at $68.29 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a fifty day moving average of $80.98 and a 200-day moving average of $124.40. The stock has a market capitalization of $37.12 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly 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 during the quarter. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents 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. Also, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 34,900 shares of company stock worth $2,211,971 in the last ninety days. 1.00% of the stock is owned by company insiders.

About Fiserv

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.