Nichols & Pratt Advisers LLP MA Has $12.95 Million Position in Fiserv, Inc. $FISV

Nichols & Pratt Advisers LLP MA cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,923 shares of the business services provider’s stock after selling 22,873 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Fiserv were worth $12,945,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its holdings in shares of Fiserv by 16.9% in the second quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock valued at $8,638,000 after buying an additional 25,477 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Fiserv in the 4th quarter worth approximately $1,996,000. Strs Ohio acquired a new position in Fiserv during the 4th quarter worth $11,255,000. Oppenheimer & Co. Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $1,903,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Fiserv during the 4th quarter worth about $4,913,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on FISV shares. B. Riley Financial lowered their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. TD Cowen decreased their price objective on shares of Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a report on Friday, August 7th. Wells Fargo & Company set a $56.00 target price on Fiserv and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Susquehanna decreased their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Finally, Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.20.

Insider Buying and Selling

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

Fiserv Trading Up 1.1%

Shares of Fiserv stock opened at $53.18 on Friday. The stock has a market cap of $28.28 billion, a P/E ratio of 10.21, a P/E/G ratio of 4.00 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. Fiserv, Inc. has a 12-month low of $47.04 and a 12-month high of $138.85. The business’s 50 day moving average is $51.76 and its 200-day moving average is $55.60.

Fiserv (NASDAQ:FISV) last issued 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 firm had revenue of $4.96 billion for 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 business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

About Fiserv

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.