Fiserv, Inc. (NASDAQ:FISV) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 16.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,834,131 shares of the business services provider’s stock after selling 365,963 shares during the period. Bank of America Corp DE owned approximately 0.28% of Fiserv worth $185,981,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Fiserv in the 1st quarter valued at about $724,000. Chevy Chase Trust Holdings Inc. lifted its stake in Fiserv by 0.3% in the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 360,004 shares of the business services provider’s stock valued at $36,504,000 after buying an additional 1,019 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Fiserv by 7.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 127,786 shares of the business services provider’s stock valued at $13,130,000 after buying an additional 9,083 shares in the last quarter. LPL Financial LLC lifted its stake in Fiserv by 9.6% in the 4th quarter. LPL Financial LLC now owns 230,191 shares of the business services provider’s stock valued at $23,892,000 after buying an additional 20,103 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Fiserv by 13.4% in the 1st quarter. Lindbrook Capital LLC now owns 1,078 shares of the business services provider’s stock valued at $109,000 after buying an additional 127 shares in the last quarter. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NASDAQ:FISV opened at $99.59 on Thursday. The company has a fifty day simple moving average of $104.15 and a two-hundred day simple moving average of $99.42. The company has a market cap of $63.70 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. Fiserv, Inc. has a 52 week low of $87.03 and a 52 week high of $111.84.

Fiserv (NASDAQ:FISVGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.55 by $0.01. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.06 billion. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 earnings per share. As a group, equities analysts anticipate that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FISV has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Fiserv from $100.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 8th. Truist Financial decreased their target price on shares of Fiserv from $105.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Morgan Stanley raised their target price on shares of Fiserv from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods decreased their target price on shares of Fiserv from $135.00 to $115.00 in a research note on Monday, July 11th. Finally, Mizuho raised their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Insiders Place Their Bets

In other Fiserv news, Director Harry Disimone sold 2,706 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $108.72, for a total value of $294,196.32. Following the completion of the transaction, the director now owns 12,947 shares in the company, valued at $1,407,597.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Guy Chiarello sold 15,000 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief operating officer now owns 216,864 shares in the company, valued at $21,686,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harry Disimone sold 2,706 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $108.72, for a total transaction of $294,196.32. Following the transaction, the director now owns 12,947 shares of the company’s stock, valued at approximately $1,407,597.84. The disclosure for this sale can be found here. Insiders sold a total of 51,706 shares of company stock worth $5,366,896 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

About Fiserv

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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