Fiserv, Inc. $FISV Stock Holdings Lowered by Cooke & Bieler LP

by · The Markets Daily

Cooke & Bieler LP decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 24.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,237,022 shares of the business services provider’s stock after selling 736,947 shares during the quarter. Fiserv accounts for approximately 1.5% of Cooke & Bieler LP’s investment portfolio, making the stock its 22nd largest position. Cooke & Bieler LP owned 0.42% of Fiserv worth $101,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Fiserv in the 2nd quarter valued at $30,000. Osterweis Capital Management Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth $32,000. Caitlin John LLC acquired a new position in shares of Fiserv during the 2nd quarter worth $45,000. Elevation Wealth Partners LLC raised its holdings in shares of Fiserv by 537.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 944 shares of the business services provider’s stock worth $46,000 after buying an additional 796 shares in the last quarter. Finally, Highland Investment Advisors LLC bought a new stake in shares of Fiserv during the 2nd quarter worth $48,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FISV shares. TD Cowen decreased their target price on Fiserv from $55.00 to $49.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Citigroup dropped their target price on shares of Fiserv from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Friday, October 16th. Stephens reissued an “equal weight” rating and issued a $57.00 target price on shares of Fiserv in a report on Tuesday, August 11th. Raymond James Financial restated a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Finally, Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the company an “equal weight” rating in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.55.

Get Our Latest Analysis on Fiserv

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 0.1%

Shares of NASDAQ FISV opened at $48.21 on Thursday. The company has a 50 day simple moving average of $49.19 and a 200 day simple moving average of $52.58. The firm has a market cap of $25.64 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 4.82 and a beta of 0.80. Fiserv, Inc. has a 1 year low of $43.87 and a 1 year high of $128.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV – Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $5.04 billion. Fiserv’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, research analysts forecast that Fiserv, Inc. will post 7.25 EPS for the current year.

Fiserv Profile

(Free Report)

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company’s offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.

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