Golub Group LLC Has $32.74 Million Stock Holdings in Fiserv Inc (NASDAQ:FISV)

Golub Group LLC cut its holdings in Fiserv Inc (NASDAQ:FISV) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 316,036 shares of the business services provider’s stock after selling 31,426 shares during the quarter. Fiserv comprises 2.6% of Golub Group LLC’s holdings, making the stock its 19th biggest position. Golub Group LLC’s holdings in Fiserv were worth $32,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ETF Managers Group LLC boosted its position in Fiserv by 44.3% during the 2nd quarter. ETF Managers Group LLC now owns 345,087 shares of the business services provider’s stock worth $31,344,000 after acquiring an additional 105,957 shares during the last quarter. Close Asset Management Ltd boosted its position in Fiserv by 3.6% during the 2nd quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock worth $100,972,000 after acquiring an additional 38,799 shares during the last quarter. First Hawaiian Bank boosted its position in Fiserv by 556.0% during the 2nd quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock worth $310,000 after acquiring an additional 2,880 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Fiserv by 3.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock worth $4,018,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its position in Fiserv by 0.7% during the 2nd quarter. Hartford Investment Management Co. now owns 43,219 shares of the business services provider’s stock worth $3,940,000 after acquiring an additional 302 shares during the last quarter.

A number of brokerages have recently issued reports on FISV. Deutsche Bank upgraded Fiserv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $120.00 in a research note on Tuesday, July 30th. Wedbush upped their price objective on Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Atlantic Securities began coverage on Fiserv in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price objective on the stock. Canaccord Genuity began coverage on Fiserv in a research note on Thursday, September 12th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Fiserv has an average rating of “Buy” and an average target price of $107.85.

FISV traded up $0.96 during trading hours on Friday, reaching $110.61. The company’s stock had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. The firm has a market cap of $40.87 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $111.46. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The company’s 50-day moving average is $104.63 and its 200-day moving average is $97.58.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. Equities analysts anticipate that Fiserv Inc will post 4.03 earnings per share for the current fiscal year.

In related news, insider Guy Chiarello sold 46,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $107.70, for a total value of $4,954,200.00. Following the sale, the insider now directly owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $103.67, for a total value of $2,591,750.00. Following the completion of the sale, the chief executive officer now directly owns 271,229 shares in the company, valued at $28,118,310.43. The disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock worth $13,422,250 over the last ninety days. 1.40% of the stock is currently owned by insiders.

About Fiserv

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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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