Trading Report: Today, Daiwa Securities Group Inc. Sold shares of Fiserv Inc. (FISV)

Today, Daiwa Securities Group Inc. Sold shares of Fiserv Inc. (FISV)

Daiwa Securities Group Inc. lowered its position in Fiserv Inc. (NASDAQ:FISV) by 8.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 37,240 shares of the company’s stock after selling 3,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Fiserv were worth $3,704,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock worth $120,000 after buying an additional 947 shares during the last quarter. Global X Management Co. LLC raised its stake in Fiserv by 97.0% in the second quarter. Global X Management Co. LLC now owns 1,172 shares of the company’s stock worth $127,000 after buying an additional 577 shares during the last quarter. Financial Architects Inc raised its stake in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock worth $139,000 after buying an additional 1,158 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in Fiserv by 472.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,403 shares of the company’s stock worth $153,000 after buying an additional 1,158 shares during the last quarter. Finally, First Manhattan Co. raised its stake in Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock worth $177,000 after buying an additional 134 shares during the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

Fiserv Inc. (NASDAQ:FISV) traded down 0.31% on Monday, reaching $106.90. 316,572 shares of the company’s stock traded hands. The company has a market cap of $23.20 billion, a PE ratio of 26.81 and a beta of 0.82. The firm’s 50 day moving average price is $100.76 and its 200 day moving average price is $103.75. Fiserv Inc. has a 12 month low of $85.63 and a 12 month high of $111.51.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, October 26th. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. Fiserv had a net margin of 16.61% and a return on equity of 36.84%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts expect that Fiserv Inc. will post $4.45 EPS for the current fiscal year.

A number of research firms have weighed in on FISV. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Pacific Crest assumed coverage on shares of Fiserv in a research note on Friday, November 18th. They issued a “sector weight” rating and a $101.00 price objective on the stock. Jefferies Group upped their price objective on shares of Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $107.35.

In other news, insider Devin Mcgranahan bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were bought at an average cost of $99.21 per share, with a total value of $1,488,150.00. Following the completion of the purchase, the insider now directly owns 25,155 shares in the company, valued at $2,495,627.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction on Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the completion of the transaction, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

About Fiserv

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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