Fiserv, Inc. (FISV) Stake Cut by Findlay Park Partners LLP

Findlay Park Partners LLP reduced its stake in Fiserv, Inc. (NASDAQ:FISV) by 8.1% during the first quarter, Holdings Channel reports. The institutional investor owned 2,550,000 shares of the business services provider’s stock after selling 225,000 shares during the period. Fiserv comprises about 3.1% of Findlay Park Partners LLP’s holdings, making the stock its 9th largest position. Findlay Park Partners LLP’s holdings in Fiserv were worth $294,041,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. First Manhattan Co. increased its stake in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after buying an additional 134 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Fiserv during the first quarter valued at approximately $131,000. Morgan Dempsey Capital Management LLC increased its stake in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares in the last quarter. Bessemer Group Inc. increased its stake in Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,021 shares in the last quarter. Finally, University of Texas Investment Managment Co. acquired a new stake in Fiserv during the first quarter valued at approximately $184,000. 88.03% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Fiserv, Inc. (FISV) opened at 124.62 on Wednesday. The firm has a market capitalization of $26.47 billion, a PE ratio of 31.13 and a beta of 0.81. The company’s 50-day moving average is $122.48 and its 200 day moving average is $114.80. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $126.28.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.07. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post $5.13 EPS for the current fiscal year.

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Several analysts have commented on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $118.00 target price on shares of Fiserv in a research report on Tuesday. Robert W. Baird reissued an “outperform” rating and issued a $134.00 target price (up from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th. Wedbush reaffirmed an “outperform” rating and set a $146.25 price objective (up from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Vetr raised shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price objective for the company in a report on Monday, April 3rd. Finally, Guggenheim assumed coverage on shares of Fiserv in a report on Friday, March 31st. They set a “neutral” rating and a $118.00 price objective for the company. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $119.25.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total transaction of $240,380.00. Following the completion of the transaction, the insider now directly owns 337,151 shares of the company’s stock, valued at $40,522,178.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the transaction, the insider now directly owns 323,776 shares of the company’s stock, valued at $39,452,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,000 shares of company stock valued at $4,057,530. Company insiders own 1.90% of the company’s stock.

About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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