SVA Plumb Wealth Management LLC reduced its position in shares of Fiserv Inc (NASDAQ:FISV) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,274 shares of the business services provider’s stock after selling 175 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Fiserv were worth $7,440,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. We Are One Seven LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. Sontag Advisory LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. Destination Wealth Management bought a new stake in shares of Fiserv in the 4th quarter worth approximately $30,000. JOYN Advisors Inc. lifted its holdings in shares of Fiserv by 80.0% in the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after acquiring an additional 180 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $31,000. 90.56% of the stock is currently owned by institutional investors.
NASDAQ:FISV traded down $0.03 during midday trading on Wednesday, reaching $84.43. 4,336 shares of the stock traded hands, compared to its average volume of 4,144,435. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $91.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $32.71 billion, a P/E ratio of 27.26, a P/E/G ratio of 2.01 and a beta of 0.80.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. William Blair restated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Deutsche Bank boosted their price objective on shares of Fiserv from $71.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Finally, Buckingham Research assumed coverage on shares of Fiserv in a report on Thursday, February 7th. They issued a “buy” rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $88.57.
In other Fiserv news, CEO Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the transaction, the chief executive officer now directly owns 391,146 shares of the company’s stock, valued at approximately $33,329,550.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the transaction, the insider now directly owns 436,141 shares in the company, valued at $36,618,398.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,912 shares of company stock worth $13,389,571. Insiders own 1.40% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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