26,116 Fiserv, Inc. $FISV Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC lessened its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 22.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 89,789 shares of the business services provider’s stock after selling 26,116 shares during the period. Crescent Grove Advisors LLC’s holdings in Fiserv were worth $4,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $30,000. Osterweis Capital Management Inc. acquired a new position in Fiserv during the 2nd quarter worth approximately $32,000. Caitlin John LLC bought a new position in Fiserv in the second quarter worth approximately $45,000. Elevation Wealth Partners LLC increased its holdings in shares of Fiserv by 537.8% during the second quarter. Elevation Wealth Partners LLC now owns 944 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 796 shares in the last quarter. Finally, Highland Investment Advisors LLC acquired a new position in shares of Fiserv during the second quarter worth approximately $48,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other Fiserv news, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $48.21 on Thursday. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 4.82 and a beta of 0.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $49.19 and a 200 day simple moving average of $52.58. Fiserv, Inc. has a 52 week low of $43.87 and a 52 week high of $128.78.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv, Inc. will post 7.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FISV has been the topic of a number of analyst reports. B. Riley Financial lowered their target price on shares of Fiserv from $66.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $65.00 price target (down from $75.00) on shares of Fiserv in a report on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. UBS Group set a $60.00 price target on shares of Fiserv and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $66.55.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.