Brown Brothers Harriman & Co. Sells 275 Shares of Fiserv, Inc. (NASDAQ:FISV)

Brown Brothers Harriman & Co. lowered its stake in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,236 shares of the business services provider’s stock after selling 275 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Fiserv were worth $1,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaCrest Capital Management LLC increased its stake in shares of Fiserv by 78.0% during the fourth quarter. AlphaCrest Capital Management LLC now owns 15,689 shares of the business services provider’s stock valued at $1,628,000 after buying an additional 6,874 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Fiserv by 4.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,959 shares of the business services provider’s stock valued at $3,213,000 after buying an additional 1,443 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Fiserv by 21.0% during the fourth quarter. Teacher Retirement System of Texas now owns 115,988 shares of the business services provider’s stock valued at $12,038,000 after buying an additional 20,130 shares during the period. TD Asset Management Inc. increased its stake in shares of Fiserv by 20.5% during the fourth quarter. TD Asset Management Inc. now owns 1,210,727 shares of the business services provider’s stock valued at $125,662,000 after buying an additional 205,631 shares during the period. Finally, Tredje AP fonden purchased a new stake in Fiserv in the fourth quarter worth $2,488,000. Institutional investors own 94.01% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the completion of the transaction, the chief operating officer now owns 237,053 shares in the company, valued at approximately $24,911,899.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Guy Chiarello sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now directly owns 237,053 shares of the company’s stock, valued at approximately $24,911,899.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Holdings L.P. Valueact acquired 291,659 shares of the stock in a transaction dated Monday, June 13th. The stock was bought at an average cost of $89.65 per share, with a total value of $26,147,229.35. Following the completion of the purchase, the director now directly owns 14,439,435 shares in the company, valued at $1,294,495,347.75. The disclosure for this purchase can be found here. Insiders sold 49,000 shares of company stock worth $5,072,700 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Fiserv Stock Performance

NASDAQ:FISV opened at $105.78 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66. Fiserv, Inc. has a 12-month low of $87.03 and a 12-month high of $117.21. The stock has a 50-day moving average price of $102.06 and a 200 day moving average price of $98.92. The stock has a market capitalization of $67.66 billion, a P/E ratio of 34.34, a P/E/G ratio of 1.19 and a beta of 0.88.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.01. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.37 EPS. Equities research analysts forecast that Fiserv, Inc. will post 6.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Mizuho upped their price target on Fiserv from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Keefe, Bruyette & Woods reduced their price target on Fiserv from $135.00 to $115.00 in a research note on Monday, July 11th. Wells Fargo & Company upped their price target on Fiserv from $100.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday. Tigress Financial upped their price target on Fiserv from $150.00 to $152.00 in a research note on Friday, May 27th. Finally, TheStreet cut Fiserv from a “b-” rating to a “c+” rating in a research note on Friday, July 8th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Fiserv Profile

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Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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