D.A. Davidson & CO. Sells 14,592 Shares of Fiserv, Inc. $FISV

D.A. Davidson & CO. decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,717 shares of the business services provider’s stock after selling 14,592 shares during the quarter. D.A. Davidson & CO.’s holdings in Fiserv were worth $18,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vise Technologies Inc. acquired a new position in Fiserv in the second quarter worth $2,320,000. Sowell Financial Services LLC raised its holdings in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares during the last quarter. Factory Mutual Insurance Co. lifted its position in Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares in the last quarter. Dillon & Associates Inc. lifted its position in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares in the last quarter. Finally, Ipsen Advisor Group LLC bought a new stake in Fiserv during the 2nd quarter worth about $759,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FISV opened at $66.99 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The stock has a market cap of $36.42 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The stock’s 50-day moving average price is $66.39 and its two-hundred day moving average price is $115.21.

Fiserv (NASDAQ:FISV) last announced its quarterly 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 company had revenue of $4.32 billion during the quarter. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 34,900 shares of company stock valued at $2,211,971 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Tigress Financial set a $95.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Morgan Stanley downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective on the stock. in a report on Friday, November 14th. B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 target price on shares of Fiserv in a research report on Thursday, December 4th. Finally, Raymond James Financial set a $167.00 price target on Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $114.42.

Fiserv 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.