Keybank National Association OH Has $51.55 Million Stock Holdings in Fiserv, Inc. $FISV

Keybank National Association OH trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 12.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 399,840 shares of the business services provider’s stock after selling 58,915 shares during the quarter. Keybank National Association OH owned 0.07% of Fiserv worth $51,551,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FISV. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Fiserv by 2.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 77 shares during the period. Quadcap Wealth Management LLC raised its position in Fiserv by 2.1% during the second quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after acquiring an additional 79 shares in the last quarter. Strategic Blueprint LLC lifted its stake in Fiserv by 4.4% in the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 83 shares during the last quarter. Glenview Trust co boosted its stake in shares of Fiserv by 0.3% during the 2nd quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock worth $5,666,000 after acquiring an additional 85 shares during the period. Finally, Smithfield Trust Co increased its holdings in shares of Fiserv by 0.9% in the second quarter. Smithfield Trust Co now owns 9,773 shares of the business services provider’s stock valued at $1,685,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Paul M. Todd bought 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by company insiders.

Fiserv Stock Performance

NASDAQ FISV opened at $63.73 on Friday. The company has a market cap of $34.64 billion, a P/E ratio of 9.85, a PEG ratio of 3.63 and a beta of 0.80. The company has a fifty day simple moving average of $66.34 and a 200 day simple moving average of $102.25. 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 12-month low of $59.56 and a 12-month high of $238.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $2.30 earnings per share. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FISV. The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and reduced their target price for the company from $149.00 to $79.00 in a research report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Mizuho dropped their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Stephens set a $75.00 price target on shares of Fiserv in a report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and an average target price of $113.34.

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.