Accurate Wealth Management LLC reduced its position in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,169 shares of the business services provider’s stock after selling 12,222 shares during the quarter. Accurate Wealth Management LLC’s holdings in Fiserv were worth $1,634,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Cox Capital Mgt LLC grew its position in Fiserv by 4.3% in the 4th quarter. Cox Capital Mgt LLC now owns 54,566 shares of the business services provider’s stock valued at $5,515,000 after acquiring an additional 2,250 shares in the last quarter. American National Bank grew its position in Fiserv by 8.7% in the 4th quarter. American National Bank now owns 50,873 shares of the business services provider’s stock valued at $5,142,000 after acquiring an additional 4,080 shares in the last quarter. RDA Financial Network acquired a new position in Fiserv in the 4th quarter valued at about $777,000. Coldstream Capital Management Inc. acquired a new position in Fiserv in the 4th quarter valued at about $831,000. Finally, Single Point Partners LLC acquired a new position in shares of Fiserv during the fourth quarter worth about $354,000. 88.79% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Fiserv
In related news, Director Holdings L.P. Valueact sold 675,014 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $101.51, for a total transaction of $68,520,671.14. Following the transaction, the director now owns 11,647,776 shares of the company’s stock, valued at $1,182,365,741.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Holdings L.P. Valueact sold 675,014 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $101.51, for a total transaction of $68,520,671.14. Following the transaction, the director now owns 11,647,776 shares of the company’s stock, valued at $1,182,365,741.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Guy Chiarello sold 2,937 shares of the company’s 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 transaction, the chief operating officer now directly owns 202,686 shares in the company, valued at approximately $21,288,110.58. The disclosure for this sale can be found here. Insiders sold 1,755,044 shares of company stock worth $179,073,098 over the last 90 days. 1.00% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Fiserv Stock Performance
Shares of Fiserv stock traded down $1.32 during trading hours on Friday, hitting $108.17. 8,972,190 shares of the company were exchanged, compared to its average volume of 3,690,144. Fiserv, Inc. has a 1 year low of $87.03 and a 1 year high of $119.48. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $110.27 and a 200-day moving average of $103.71. The stock has a market capitalization of $67.94 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.24 and a beta of 0.86.
Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly 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 return on equity of 13.32% and a net margin of 14.26%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, analysts expect that Fiserv, Inc. will post 7.32 EPS for the current fiscal year.
Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 23rd that allows the company to buyback 75,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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.
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