Crescent Grove Advisors LLC Sells 2,627 Shares of Fiserv Inc (FISV)

Crescent Grove Advisors LLC cut its holdings in Fiserv Inc (NASDAQ:FISV) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,489 shares of the business services provider’s stock after selling 2,627 shares during the period. Crescent Grove Advisors LLC’s holdings in Fiserv were worth $1,769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coastline Trust Co bought a new position in Fiserv in the third quarter worth approximately $202,000. Univest Corp of Pennsylvania bought a new position in Fiserv in the fourth quarter worth approximately $202,000. Paragon Capital Management Ltd bought a new position in Fiserv in the third quarter worth approximately $206,000. Associated Banc Corp bought a new position in Fiserv in the third quarter worth approximately $261,000. Finally, Claraphi Advisory Network LLC bought a new position in Fiserv in the fourth quarter worth approximately $267,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Several research firms have weighed in on FISV. Guggenheim reiterated a “buy” rating and issued a $160.00 price target on shares of Fiserv in a research report on Monday, January 29th. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. Robert W. Baird increased their price target on shares of Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Credit Suisse Group increased their price target on shares of Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, Argus set a $148.00 price target on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday, January 12th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Fiserv has an average rating of “Hold” and an average target price of $137.52.

In related news, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the transaction, the insider now directly owns 203,051 shares of the company’s stock, valued at $28,140,838.09. The disclosure for this sale can be found here. Insiders have sold 49,439 shares of company stock valued at $6,605,353 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Shares of Fiserv Inc (FISV) opened at $129.17 on Thursday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $27,248.22, a price-to-earnings ratio of 26.85, a PEG ratio of 1.98 and a beta of 0.87. Fiserv Inc has a 52 week low of $106.20 and a 52 week high of $144.20.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.03. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 earnings per share. research analysts anticipate that Fiserv Inc will post 5.08 EPS for the current year.

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Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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