Okabena Investment Services Inc. Cuts Stock Holdings in Fiserv, Inc. $FISV

by · The Cerbat Gem

Okabena Investment Services Inc. cut its position in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 25.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,448 shares of the business services provider’s stock after selling 1,552 shares during the period. Okabena Investment Services Inc.’s holdings in Fiserv were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. boosted its position in Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares during the last quarter. LaSalle St. Investment Advisors LLC grew its holdings in Fiserv by 5.1% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after buying an additional 62 shares in the last quarter. SageView Advisory Group LLC increased its stake in shares of Fiserv by 4.0% in the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares during the last quarter. 17 Capital Partners LLC raised its holdings in shares of Fiserv by 0.9% during the 1st quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after acquiring an additional 70 shares during the period. Finally, Hemington Wealth Management boosted its position in shares of Fiserv by 8.3% during the 1st quarter. Hemington Wealth Management now owns 936 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.1%

Shares of NASDAQ FISV opened at $61.47 on Monday. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59. The stock has a market cap of $33.41 billion, a P/E ratio of 9.50, a PEG ratio of 0.56 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $96.97 and its 200-day simple moving average is $132.87.

Fiserv (NASDAQ:FISV – Get Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FISV shares. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and lowered their price target for the stock from $143.00 to $75.00 in a report on Thursday, October 30th. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Keefe, Bruyette & Woods lowered their price objective on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Jefferies Financial Group decreased their price target on Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $121.08.

Read Our Latest Stock Analysis on FISV

Fiserv Profile

(Free Report)

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.

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