Fiserv Inc (NASDAQ:FISV) Position Decreased by Golub Group LLC

Golub Group LLC decreased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 9.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,036 shares of the business services provider’s stock after selling 31,426 shares during the period. Fiserv makes up 2.6% of Golub Group LLC’s portfolio, making the stock its 19th biggest holding. Golub Group LLC owned 0.08% of Fiserv worth $32,738,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Gilbert & Cook Inc. boosted its holdings in shares of Fiserv by 9.7% during the third quarter. Gilbert & Cook Inc. now owns 2,567 shares of the business services provider’s stock worth $266,000 after purchasing an additional 227 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Fiserv by 23.3% during the third quarter. Parkside Financial Bank & Trust now owns 640 shares of the business services provider’s stock worth $66,000 after purchasing an additional 121 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Fiserv by 4.5% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,521 shares of the business services provider’s stock worth $261,000 after purchasing an additional 108 shares during the period. Principle Wealth Partners LLC acquired a new stake in shares of Fiserv during the third quarter worth approximately $207,000. Finally, Madrona Funds LLC acquired a new stake in shares of Fiserv during the third quarter worth approximately $400,000.

FISV traded up $0.96 during midday trading on Friday, hitting $110.61. 4,201,000 shares of the company’s stock traded hands, compared to its average volume of 4,555,937. Fiserv Inc has a one year low of $68.45 and a one year high of $111.46. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97. The stock’s fifty day simple moving average is $104.63 and its 200-day simple moving average is $97.58. The company has a market cap of $40.87 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts expect that Fiserv Inc will post 4.03 EPS for the current year.

In related news, Chairman Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $107.45, for a total value of $2,686,250.00. Following the completion of the transaction, the chairman now directly owns 291,429 shares of the company’s stock, valued at $31,314,046.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Guy Chiarello sold 46,000 shares of Fiserv stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the transaction, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Insiders sold a total of 126,000 shares of company stock worth $13,422,250 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Several analysts recently commented on FISV shares. JPMorgan Chase & Co. started coverage on shares of Fiserv in a report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price target for the company. Atlantic Securities started coverage on shares of Fiserv in a report on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price target for the company. Argus restated a “buy” rating on shares of Fiserv in a report on Monday, August 12th. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of Fiserv from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the stock. Fiserv presently has a consensus rating of “Buy” and a consensus price target of $107.85.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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