State Street Corp Sells 605,479 Shares of Fiserv, Inc. $FISV

State Street Corp trimmed its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.4% in the second quarter, HoldingsChannel.com reports. The firm owned 24,115,347 shares of the business services provider’s stock after selling 605,479 shares during the period. State Street Corp’s holdings in Fiserv were worth $4,157,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the period. Bison Wealth LLC increased its position in 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 purchasing an additional 116 shares during the period. Independent Advisor Alliance raised its holdings in Fiserv by 8.7% during the 1st quarter. Independent Advisor Alliance now owns 12,800 shares of the business services provider’s stock worth $2,827,000 after purchasing an additional 1,020 shares during the last quarter. Trillium Asset Management LLC raised its holdings in Fiserv by 867.5% during the 1st quarter. Trillium Asset Management LLC now owns 12,142 shares of the business services provider’s stock worth $2,681,000 after purchasing an additional 10,887 shares during the last quarter. Finally, Trajan Wealth LLC lifted its position in shares of Fiserv by 2.9% in the 1st quarter. Trajan Wealth LLC now owns 165,243 shares of the business services provider’s stock worth $36,491,000 after purchasing an additional 4,596 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FISV has been the subject of several recent analyst reports. KeyCorp cut shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a report on Wednesday, October 22nd. Raymond James Financial set a $167.00 price target on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. UBS Group set a $75.00 price objective on Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Finally, Compass Point downgraded Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a research note on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $121.08.

Insider Activity

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 34,900 shares of company stock worth $2,211,971 over the last quarter. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

FISV stock opened at $66.21 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company’s 50-day moving average is $87.96 and its 200-day moving average is $128.04. The stock has a market capitalization of $35.99 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.53 and a beta of 0.80. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.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 fiscal year.

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.