Federated Hermes Inc. Sells 19,213 Shares of Fiserv, Inc. $FISV

Federated Hermes Inc. reduced its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 69.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,552 shares of the business services provider’s stock after selling 19,213 shares during the quarter. Federated Hermes Inc.’s holdings in Fiserv were worth $1,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of Fiserv by 10.0% during the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 9,153 shares of the business services provider’s stock worth $1,180,000 after purchasing an additional 832 shares in the last quarter. Truist Financial Corp grew its stake in Fiserv by 8.5% during the third quarter. Truist Financial Corp now owns 306,070 shares of the business services provider’s stock worth $39,462,000 after buying an additional 23,989 shares during the last quarter. Phoenix Financial Ltd. acquired a new stake in shares of Fiserv during the third quarter worth approximately $553,000. Evergreen Wealth Management LLC bought a new position in shares of Fiserv in the third quarter valued at approximately $5,061,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Fiserv by 6.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 7,230 shares of the business services provider’s stock worth $932,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of the business’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 completion of the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly 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 disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Fiserv Trading Down 2.1%

Shares of FISV opened at $58.44 on Friday. The stock’s fifty day simple moving average is $66.26 and its 200-day simple moving average is $99.30. The firm has a market capitalization of $31.77 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 3.42 and a beta of 0.78. Fiserv, Inc. has a 12-month low of $57.79 and a 12-month high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Analyst Ratings Changes

FISV has been the subject of a number of recent analyst reports. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and dropped their price target for the company from $143.00 to $75.00 in a report on Thursday, October 30th. Sanford C. Bernstein cut Fiserv from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $205.00 to $80.00 in a report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. Susquehanna reiterated a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. Finally, Raymond James Financial set a $167.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and an average target price of $113.34.

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.