Peddock Capital Advisors LLC Reduces Position in Fiserv Inc (NASDAQ:FISV)

Peddock Capital Advisors LLC trimmed its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,405 shares of the business services provider’s stock after selling 114 shares during the quarter. Fiserv accounts for about 1.3% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Peddock Capital Advisors LLC’s holdings in Fiserv were worth $2,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Enlightenment Research LLC bought a new stake in Fiserv in the second quarter valued at about $2,539,000. Price Capital Management Inc. bought a new stake in Fiserv in the second quarter valued at about $268,000. Great Lakes Advisors LLC increased its holdings in Fiserv by 3.5% in the second quarter. Great Lakes Advisors LLC now owns 34,841 shares of the business services provider’s stock valued at $3,176,000 after buying an additional 1,166 shares during the last quarter. PFG Advisors increased its holdings in Fiserv by 1.8% in the second quarter. PFG Advisors now owns 21,174 shares of the business services provider’s stock valued at $2,166,000 after buying an additional 380 shares during the last quarter. Finally, National Asset Management Inc. increased its holdings in Fiserv by 6.8% in the second quarter. National Asset Management Inc. now owns 7,681 shares of the business services provider’s stock valued at $702,000 after buying an additional 486 shares during the last quarter. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FISV stock traded up $0.49 during midday trading on Thursday, reaching $108.05. The company had a trading volume of 865,089 shares, compared to its average volume of 8,460,092. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a 50 day moving average price of $100.09 and a 200 day moving average price of $90.15. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $108.57. The firm has a market capitalization of $42.34 billion, a PE ratio of 34.85, a P/E/G ratio of 2.44 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Research analysts predict that Fiserv Inc will post 3.68 EPS for the current year.

Several brokerages recently weighed in on FISV. Royal Bank of Canada set a $106.00 price objective on Fiserv and gave the company a “buy” rating in a report on Friday, July 26th. Argus reissued a “buy” rating on shares of Fiserv in a report on Monday, August 12th. William Blair reissued an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Berenberg Bank began coverage on Fiserv in a report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price objective for the company. Finally, Raymond James began coverage on Fiserv in a report on Friday, June 21st. They issued an “outperform” rating and a $103.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $97.88.

In other news, Chairman Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $103.20, for a total transaction of $2,064,000.00. Following the completion of the transaction, the chairman now directly owns 330,629 shares in the company, valued at $34,120,912.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $5,733,600. Insiders own 1.40% of the company’s stock.

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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