Today: Today, 2,295 Shares of Fiserv Inc. (FISV) are sold by Toth Financial Advisory Corp

Today, 2,295 Shares of Fiserv Inc. (FISV) are sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lowered its position in shares of Fiserv Inc. (NASDAQ:FISV) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 87,079 shares of the company’s stock after selling 2,295 shares during the period. Fiserv accounts for about 2.5% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 4th largest position. Toth Financial Advisory Corp’s holdings in Fiserv were worth $8,662,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FISV. Vanguard Group Inc. boosted its stake in Fiserv by 1.0% in the second quarter. Vanguard Group Inc. now owns 20,141,535 shares of the company’s stock worth $2,189,989,000 after buying an additional 190,928 shares in the last quarter. FMR LLC boosted its stake in Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock worth $1,121,188,000 after buying an additional 295,107 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Fiserv by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,464,629 shares of the company’s stock worth $811,630,000 after buying an additional 201,948 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Fiserv by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,040,809 shares of the company’s stock worth $656,817,000 after buying an additional 180,325 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock worth $540,589,000 after buying an additional 360,025 shares in the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

Shares of Fiserv Inc. (NASDAQ:FISV) traded down 0.58% during mid-day trading on Monday, hitting $106.61. The stock had a trading volume of 1,425,108 shares. Fiserv Inc. has a 52 week low of $85.63 and a 52 week high of $111.51. The stock has a 50 day moving average price of $100.76 and a 200 day moving average price of $103.75. The firm has a market cap of $23.14 billion, a PE ratio of 26.74 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The business earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 36.84% and a net margin of 16.61%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Equities research analysts expect that Fiserv Inc. will post $4.45 EPS for the current fiscal year.

FISV has been the topic of a number of research reports. Deutsche Bank AG boosted their price objective on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Robert W. Baird upgraded Fiserv from a “neutral” rating to an “outperform” rating and set a $112.00 price objective on the stock in a research report on Friday, October 28th. Cantor Fitzgerald initiated coverage on Fiserv in a research report on Thursday, October 6th. They set a “hold” rating and a $101.00 price objective on the stock. Monness Crespi & Hardt upgraded Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, October 4th. Finally, Wedbush restated an “outperform” rating and set a $115.00 price objective on shares of Fiserv in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $107.35.

In related news, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $99.91, for a total transaction of $1,198,920.00. Following the completion of the sale, the insider now directly owns 308,994 shares of the company’s stock, valued at approximately $30,871,590.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.

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