Fiserv Inc (FISV) Shares Sold by SVA Plumb Wealth Management LLC

SVA Plumb Wealth Management LLC lowered its stake in shares of Fiserv Inc (NASDAQ:FISV) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 84,274 shares of the business services provider’s stock after selling 175 shares during the quarter. SVA Plumb Wealth Management LLC’s holdings in Fiserv were worth $7,440,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. We Are One Seven LLC bought a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Sontag Advisory LLC bought a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Destination Wealth Management bought a new position in shares of Fiserv in the 4th quarter worth approximately $30,000. JOYN Advisors Inc. lifted its stake 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 purchasing an additional 180 shares during the period. Finally, WESPAC Advisors SoCal LLC bought a new position in shares of Fiserv in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 90.56% of the company’s stock.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the sale, the insider now owns 441,112 shares in the company, valued at $37,428,353.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the sale, the chief executive officer now owns 391,146 shares in the company, valued at approximately $33,329,550.66. The disclosure for this sale can be found here. Insiders sold a total of 157,912 shares of company stock valued at $13,389,571 over the last three months. 1.40% of the stock is currently owned by insiders.

FISV has been the topic of several recent research reports. Cantor Fitzgerald reiterated a “hold” rating and issued a $73.00 price objective on shares of Fiserv in a research note on Wednesday, January 16th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Stephens upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $76.00 to $90.00 in a research note on Wednesday, January 16th. Wolfe Research upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Finally, Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $74.50 to $88.00 in a research note on Friday, January 18th. One 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 stock currently has a consensus rating of “Hold” and an average target price of $88.57.

Fiserv stock traded down $0.03 during midday trading on Wednesday, hitting $84.43. The stock had a trading volume of 4,336 shares, compared to its average volume of 4,144,435. The firm has a market capitalization of $32.71 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.01 and a beta of 0.80. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, analysts predict that Fiserv Inc will post 3.45 EPS for the current year.

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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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