Monument Capital Management Decreases Stock Position in Fiserv Inc (NASDAQ:FISV)

Monument Capital Management decreased its position in Fiserv Inc (NASDAQ:FISV) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,226 shares of the business services provider’s stock after selling 964 shares during the quarter. Fiserv comprises about 1.5% of Monument Capital Management’s holdings, making the stock its 16th largest position. Monument Capital Management’s holdings in Fiserv were worth $2,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FISV. Price T Rowe Associates Inc. MD raised its stake in Fiserv by 8.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after purchasing an additional 3,933,642 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in Fiserv by 302.5% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,670,227 shares of the business services provider’s stock valued at $243,418,000 after purchasing an additional 2,006,798 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Fiserv by 2,018.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,904,545 shares of the business services provider’s stock valued at $173,618,000 after purchasing an additional 1,814,639 shares during the last quarter. Strs Ohio raised its stake in Fiserv by 3,894.4% in the 3rd quarter. Strs Ohio now owns 950,337 shares of the business services provider’s stock valued at $98,445,000 after purchasing an additional 926,545 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Fiserv by 2.8% in the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after purchasing an additional 883,535 shares during the last quarter.

Shares of NASDAQ FISV traded down $1.23 on Monday, reaching $104.44. 2,668,823 shares of the company traded hands, compared to its average volume of 4,638,723. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $109.92. The company has a 50 day moving average of $104.99 and a 200 day moving average of $95.76. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a market capitalization of $41.73 billion, a PE ratio of 33.69, a P/E/G ratio of 2.27 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts expect that Fiserv Inc will post 3.9 earnings per share for the current year.

In other news, Chairman Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the sale, the chairman now owns 291,429 shares in the company, valued at approximately $31,314,046.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $103.20, for a total value of $2,064,000.00. Following the sale, the chairman now owns 330,629 shares of the company’s stock, valued at approximately $34,120,912.80. The disclosure for this sale can be found here. Insiders have sold a total of 146,000 shares of company stock valued at $15,486,250 in the last quarter. Company insiders own 1.40% of the company’s stock.

Several research analysts recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 target price for the company. UBS Group assumed coverage on shares of Fiserv in a research note on Monday, October 14th. They issued a “buy” rating and a $120.00 target price for the company. Canaccord Genuity assumed coverage on shares of Fiserv in a research note on Thursday, September 12th. They issued a “buy” rating and a $130.00 target price for the company. Atlantic Securities assumed coverage on shares of Fiserv in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 target price for the company. Finally, Northcoast Research raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 target price for the company in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $106.07.

Fiserv Company 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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