Fiserv Inc (FISV) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Fiserv Inc (NASDAQ:FISV) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237,336 shares of the business services provider’s stock after selling 1,500 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Fiserv worth $20,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kaizen Advisory LLC boosted its holdings in Fiserv by 13.7% in the fourth quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after acquiring an additional 135 shares in the last quarter. Tandem Investment Advisors Inc. boosted its holdings in Fiserv by 3.5% in the fourth quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after acquiring an additional 141 shares in the last quarter. Cornerstone Advisors Inc. boosted its holdings in Fiserv by 19.2% in the fourth quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after acquiring an additional 146 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Fiserv by 1.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after acquiring an additional 150 shares in the last quarter. Finally, Sandy Spring Bank boosted its holdings in Fiserv by 5.8% in the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after acquiring an additional 150 shares in the last quarter. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of FISV stock opened at $84.69 on Friday. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $34.01 billion, a P/E ratio of 27.32, a P/E/G ratio of 2.09 and a beta of 0.80. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $91.19.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned $0.76 earnings per share. Fiserv’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Fiserv Inc will post 3.45 earnings per share for the current year.

In other Fiserv news, Director Kim M. Robak sold 10,904 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the sale, the director now directly owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total value of $4,198,000.00. Following the completion of the sale, the insider now directly owns 436,141 shares in the company, valued at $36,618,398.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,912 shares of company stock worth $13,389,571. 1.40% of the stock is owned by corporate insiders.

FISV has been the subject of several recent analyst reports. Wedbush raised their price target on Fiserv from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 29th. Wolfe Research raised Fiserv from a “market perform” rating to an “outperform” rating in a report on Thursday, January 17th. Royal Bank of Canada raised Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 price target for the company in a report on Monday, January 28th. Stephens raised Fiserv from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $76.00 to $90.00 in a report on Wednesday, January 16th. Finally, SunTrust Banks restated a “hold” rating and issued a $85.21 price objective on shares of Fiserv in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $88.57.

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Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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