Birch Hill Investment Advisors LLC Has $65.95 Million Stake in Fiserv Inc (NASDAQ:FISV)

Birch Hill Investment Advisors LLC cut its stake in Fiserv Inc (NASDAQ:FISV) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 636,608 shares of the business services provider’s stock after selling 21,022 shares during the quarter. Fiserv accounts for about 4.8% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Birch Hill Investment Advisors LLC owned 0.16% of Fiserv worth $65,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Truewealth LLC lifted its holdings in Fiserv by 70.5% during the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 103 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in Fiserv during the third quarter valued at approximately $31,000. Advantage Investment Management LLC lifted its holdings in Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 187 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 314 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new position in Fiserv during the second quarter valued at approximately $36,000.

FISV traded down $0.17 during trading hours on Thursday, hitting $106.38. The company’s stock had a trading volume of 22,916 shares, compared to its average volume of 3,400,778. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $109.92. The stock has a market cap of $41.66 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.25 and a beta of 0.79. The business’s 50-day moving average price is $105.02 and its 200-day moving average price is $95.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, analysts forecast that Fiserv Inc will post 3.9 earnings per share for the current year.

In other Fiserv news, EVP Christopher M. Foskett sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the transaction, the executive vice president now owns 140,248 shares in the company, valued at $14,916,777.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Guy Chiarello sold 46,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the transaction, the insider now owns 372,447 shares in the company, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. Insiders have sold 121,000 shares of company stock worth $12,828,000 in the last quarter. Company insiders own 1.40% of the company’s stock.

Several equities analysts have recently commented on the stock. Citigroup raised shares of Fiserv from a “neutral” rating to a “buy” rating in a report on Thursday, August 29th. Argus reissued a “buy” rating on shares of Fiserv in a report on Monday, August 12th. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, July 26th. Berenberg Bank assumed coverage on shares of Fiserv in a report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 target price on the stock. Finally, Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $120.00 in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $104.93.

Fiserv Profile

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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