AE Wealth Management LLC Reduces Position in Fiserv, Inc. (NASDAQ:FISV)



AE Wealth Management LLC cut its stake in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 25.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 48,508 shares of the business services provider’s stock after selling 16,402 shares during the quarter. AE Wealth Management LLC’s holdings in Fiserv were worth $4,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC acquired a new position in Fiserv during the fourth quarter valued at $30,000. Advocacy Wealth Management Services LLC lifted its position in Fiserv by 100.0% during the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 147 shares during the period. Trust Co. of Vermont acquired a new position in Fiserv during the fourth quarter valued at $31,000. Missouri Trust & Investment Co acquired a new position in Fiserv during the fourth quarter valued at $31,000. Finally, Arlington Partners LLC acquired a new position in Fiserv during the fourth quarter valued at $33,000. Institutional investors own 97.24% of the company’s stock.

A number of brokerages have weighed in on FISV. Morgan Stanley decreased their price objective on shares of Fiserv from $118.00 to $98.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 21st. StockNews.com began coverage on shares of Fiserv in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Loop Capital began coverage on shares of Fiserv in a research report on Monday, May 2nd. They issued a “buy” rating and a $125.00 price objective for the company. Stephens began coverage on shares of Fiserv in a research report on Wednesday, April 6th. They issued an “equal weight” rating and a $110.00 price objective for the company. Finally, TheStreet upgraded shares of Fiserv from a “c+” rating to a “b” rating in a research report on Thursday, April 28th. Eleven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.64.

In other news, COO Guy Chiarello sold 43,000 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $104.31, for a total value of $4,485,330.00. Following the transaction, the chief operating officer now directly owns 216,864 shares in the company, valued at approximately $22,621,083.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact acquired 112,575 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was bought at an average price of $94.90 per share, for a total transaction of $10,683,367.50. Following the completion of the acquisition, the director now owns 13,147,776 shares in the company, valued at approximately $1,247,723,942.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,404,234 shares of company stock worth $131,032,589. Company insiders own 1.00% of the company’s stock.

Fiserv stock opened at $92.58 on Friday. The firm has a 50 day simple moving average of $95.64 and a 200-day simple moving average of $99.52. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $119.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $60.36 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79.

Fiserv (NASDAQ:FISVGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The business services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. Fiserv had a net margin of 10.23% and a return on equity of 12.05%. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts expect that Fiserv, Inc. will post 6.48 earnings per share for the current fiscal year.

Fiserv Company Profile (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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