Fiserv, Inc. $FISV Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Fiserv, Inc. (NASDAQ:FISV) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,327,302 shares of the business services provider’s stock after selling 948,864 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.63% of Fiserv worth $163,204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC grew its stake in Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock valued at $744,000 after purchasing an additional 98 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after buying an additional 195 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Fiserv by 2.9% during the fourth quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider’s stock worth $474,000 after buying an additional 198 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Fiserv by 10.4% in the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 215 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FISV opened at $51.67 on Wednesday. Fiserv, Inc. has a one year low of $47.04 and a one year high of $138.62. The stock’s fifty day moving average is $51.97 and its 200-day moving average is $55.43. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $27.48 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 4.01 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Fiserv, Inc. will post 7.26 EPS for the current year.

Analysts Set New Price Targets

FISV has been the subject of several recent analyst reports. UBS Group set a $60.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a report on Friday, August 7th. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Barclays set a $52.00 price objective on Fiserv and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings lowered shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.20.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd bought 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the completion of the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.06% 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.