Fiserv, Inc. (NASDAQ:FISV) Shares Sold by DNB Asset Management AS

Posted by on Mar 21st, 2023

DNB Asset Management AS trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,720 shares of the business services provider’s stock after selling 225 shares during the period. DNB Asset Management AS’s holdings in Fiserv were worth $11,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atlas Capital Advisors LLC grew its position in shares of Fiserv by 71.9% during the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Colonial Trust Advisors acquired a new stake in shares of Fiserv in the third quarter valued at approximately $28,000. MV Capital Management Inc. raised its holdings in shares of Fiserv by 58.8% during the third quarter. MV Capital Management Inc. now owns 308 shares of the business services provider’s stock valued at $29,000 after buying an additional 114 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Fiserv by 61.7% during the third quarter. EverSource Wealth Advisors LLC now owns 401 shares of the business services provider’s stock worth $37,000 after buying an additional 153 shares during the period. Finally, Cambridge Trust Co. grew its holdings in Fiserv by 45.1% in the 3rd quarter. Cambridge Trust Co. now owns 402 shares of the business services provider’s stock worth $38,000 after buying an additional 125 shares in the last quarter. 88.79% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FISV opened at $110.81 on Tuesday. Fiserv, Inc. has a one year low of $87.03 and a one year high of $119.48. The company has a 50-day moving average of $110.45 and a two-hundred day moving average of $103.80. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV – Get Rating) last announced its earnings results on Tuesday, February 7th. The business services provider reported $1.91 EPS for the quarter, hitting the consensus estimate of $1.91. Fiserv had a net margin of 14.26% and a return on equity of 13.32%. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period last year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post 7.32 earnings per share for the current year.

Fiserv announced that its board has initiated a share buyback plan on Thursday, February 23rd that allows the company to repurchase 75,000,000 shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Fiserv from $121.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Mizuho reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Fiserv in a report on Wednesday, February 8th. Barclays increased their target price on shares of Fiserv from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Morgan Stanley increased their target price on shares of Fiserv from $107.00 to $117.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Finally, Tigress Financial reiterated a “buy” rating and issued a $154.00 target price (up previously from $152.00) on shares of Fiserv in a research report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.14.

Insiders Place Their Bets

In other news, Director Holdings L.P. Valueact sold 675,014 shares of the stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $101.51, for a total value of $68,520,671.14. Following the completion of the sale, the director now directly owns 11,647,776 shares of the company’s stock, valued at $1,182,365,741.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Holdings L.P. Valueact sold 675,014 shares of the business’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $101.51, for a total transaction of $68,520,671.14. Following the transaction, the director now directly owns 11,647,776 shares in the company, valued at approximately $1,182,365,741.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Guy Chiarello sold 2,937 shares of the stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $105.03, for a total value of $308,473.11. Following the sale, the chief operating officer now owns 202,686 shares of the company’s stock, valued at $21,288,110.58. The disclosure for this sale can be found here. Insiders sold a total of 1,755,044 shares of company stock worth $179,073,098 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Fiserv Company Profile

(Get Rating)

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

Read More

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.