Fiserv Inc (NASDAQ:FISV) is Kidder Stephen W’s 6th Largest Position

Kidder Stephen W lowered its position in Fiserv Inc (NASDAQ:FISV) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,311 shares of the business services provider’s stock after selling 4,699 shares during the quarter. Fiserv makes up approximately 3.8% of Kidder Stephen W’s portfolio, making the stock its 6th biggest position. Kidder Stephen W’s holdings in Fiserv were worth $9,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bremer Bank National Association bought a new stake in Fiserv in the first quarter valued at approximately $25,000. Parkside Financial Bank & Trust raised its holdings in shares of Fiserv by 74.4% during the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 198 shares in the last quarter. Glassman Wealth Services raised its holdings in shares of Fiserv by 76.9% during the first quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 203 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Fiserv by 9,000.0% during the second quarter. Valeo Financial Advisors LLC now owns 546 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 540 shares in the last quarter. Finally, Thor Advisors LLC bought a new position in shares of Fiserv during the first quarter valued at approximately $54,000. 87.39% of the stock is owned by institutional investors and hedge funds.

FISV traded down $0.34 during trading on Friday, reaching $104.32. The stock had a trading volume of 4,272,656 shares, compared to its average volume of 7,345,075. The firm’s 50 day simple moving average is $94.56. The company has a quick ratio of 1.07, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The company has a market capitalization of $41.13 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.80. Fiserv Inc has a one year low of $68.45 and a one year high of $107.06.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. Research analysts predict that Fiserv Inc will post 3.76 EPS for the current year.

FISV has been the subject of a number of recent analyst reports. Wells Fargo & Co initiated coverage on Fiserv in a report on Wednesday, June 19th. They set an “outperform” rating and a $110.00 target price for the company. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Northcoast Research upgraded Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 target price for the company in a report on Wednesday, June 26th. Berenberg Bank initiated coverage on Fiserv in a report on Wednesday. They set a “buy” rating and a $121.00 target price for the company. Finally, Deutsche Bank upgraded Fiserv from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $120.00 in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $97.75.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the transaction, the insider now owns 371,429 shares in the company, valued at $33,038,609.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $103.20, for a total value of $2,064,000.00. Following the completion of the transaction, the chairman now owns 330,629 shares of the company’s stock, valued at approximately $34,120,912.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,000 shares of company stock valued at $7,621,300. 1.40% of the stock is owned by corporate insiders.

About Fiserv

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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