Fiserv, Inc. $FISV Shares Sold by Dudley & Shanley Inc.

by · The Cerbat Gem

Dudley & Shanley Inc. lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 43.5% during the third quarter, Holdings Channel reports. The firm owned 62,449 shares of the business services provider’s stock after selling 48,109 shares during the period. Dudley & Shanley Inc.’s holdings in Fiserv were worth $2,821,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FISV. Goodman Advisory Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at $27,000. Keating Financial Advisory Services Inc. acquired a new position in Fiserv in the second quarter valued at $30,000. Osterweis Capital Management Inc. purchased a new position in shares of Fiserv during the second quarter worth about $32,000. Reflection Asset Management purchased a new position in shares of Fiserv during the fourth quarter worth about $36,000. Finally, Caitlin John LLC acquired a new stake in shares of Fiserv during the second quarter worth about $45,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FISV. Citigroup reissued a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. BMO Capital Markets restated a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. UBS Group set a $60.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $53.00 price objective on shares of Fiserv in a research note on Monday, August 31st. Six research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.70.

Check Out Our Latest Stock Report on Fiserv

Fiserv Stock Performance

FISV traded down $0.26 during trading on Tuesday, hitting $45.88. The stock had a trading volume of 1,320,103 shares, compared to its average volume of 7,670,485. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $24.40 billion, a P/E ratio of 8.81, a PEG ratio of 4.42 and a beta of 0.80. The company’s 50-day moving average price is $50.90 and its 200 day moving average price is $53.38. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $128.78.

Fiserv (NASDAQ:FISV – Get Free Report) last released its earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The business’s revenue was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance Fritz purchased 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Fiserv Profile

(Free Report)

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.

See Also

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