Pacer Advisors Inc. Sells 8,543 Shares of Fiserv, Inc. $FISV

Pacer Advisors Inc. cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,806 shares of the business services provider’s stock after selling 8,543 shares during the period. Pacer Advisors Inc.’s holdings in Fiserv were worth $5,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Fiserv in the 2nd quarter valued at $1,252,260,000. Marshall Wace LLP bought a new stake in Fiserv in the second quarter valued at about $356,643,000. Assenagon Asset Management S.A. raised its position in Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB lifted its stake in Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after purchasing an additional 1,247,801 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after purchasing an additional 948,634 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 0.4%

FISV opened at $67.25 on Tuesday. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The stock has a market capitalization of $36.56 billion, a PE ratio of 10.39, a PEG ratio of 2.60 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $72.24 and a two-hundred day moving average price of $118.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.32 billion for the quarter. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction dated Monday, December 1st. The shares were acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. 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 90 days. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FISV has been the subject of a number of recent research reports. Citigroup dropped their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a research note on Friday, October 10th. Oppenheimer restated an “outperform” rating and issued a $91.00 target price on shares of Fiserv in a research note on Thursday, October 30th. Argus reaffirmed a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Finally, Mizuho dropped their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $119.58.

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.