McKinley Carter Wealth Services Inc. Decreases Position in Fiserv, Inc. $FISV

McKinley Carter Wealth Services Inc. decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 15.5% in the third quarter, Holdings Channel reports. The firm owned 47,102 shares of the business services provider’s stock after selling 8,640 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Fiserv were worth $6,073,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Welch & Forbes LLC boosted its holdings in Fiserv by 0.8% in the third quarter. Welch & Forbes LLC now owns 872,375 shares of the business services provider’s stock worth $112,475,000 after acquiring an additional 6,556 shares in the last quarter. Twin City Private Wealth LLC raised its position in shares of Fiserv by 5.0% in the 3rd quarter. Twin City Private Wealth LLC now owns 3,562 shares of the business services provider’s stock valued at $459,000 after purchasing an additional 170 shares during the last quarter. AlphaQuest LLC boosted its stake in Fiserv by 79.4% in the 3rd quarter. AlphaQuest LLC now owns 12,361 shares of the business services provider’s stock worth $1,594,000 after purchasing an additional 5,470 shares in the last quarter. Capital Investment Services of America Inc. grew its position in Fiserv by 0.9% during the 3rd quarter. Capital Investment Services of America Inc. now owns 239,186 shares of the business services provider’s stock worth $30,838,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Archer Investment Corp grew its position in Fiserv by 69.6% during the 3rd quarter. Archer Investment Corp now owns 3,412 shares of the business services provider’s stock worth $440,000 after purchasing an additional 1,400 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on FISV. B. Riley lowered their price objective on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. BTIG Research lowered Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Argus restated a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 target price on shares of Fiserv in a report on Thursday, December 4th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Hold” and an average target price of $113.34.

Fiserv Stock Up 0.5%

Fiserv stock opened at $63.73 on Friday. The business’s 50-day moving average price is $66.34 and its 200 day moving average price is $102.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $34.64 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 3.63 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.60). The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.30 EPS. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average price 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 trade represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Fiserv Company Profile

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.