HPM Partners LLC Lowers Stake in Fiserv, Inc. (FISV)

HPM Partners LLC reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 76.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,972 shares of the business services provider’s stock after selling 15,984 shares during the quarter. HPM Partners LLC’s holdings in Fiserv were worth $498,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Chicago Partners Investment Group LLC purchased a new stake in Fiserv during the 2nd quarter valued at $104,000. Parallel Advisors LLC raised its holdings in Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares during the period. Trust Co. of Vermont raised its holdings in Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after buying an additional 453 shares during the period. Morgan Dempsey Capital Management LLC raised its holdings in Fiserv by 2.3% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the period. Finally, New England Research & Management Inc. purchased a new stake in Fiserv during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) opened at 122.66 on Monday. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35. The stock has a market cap of $25.82 billion, a price-to-earnings ratio of 30.03 and a beta of 0.82. The stock’s 50 day moving average price is $123.85 and its 200 day moving average price is $120.96.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. Fiserv’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the sale, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 51,000 shares of company stock worth $6,342,700. 1.80% of the stock is owned by company insiders.

FISV has been the topic of several recent research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 price target (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Credit Suisse Group increased their price target on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their price target for the company from $131.00 to $136.00 in a report on Monday, July 17th. Robert W. Baird restated an “outperform” rating and set a $134.00 price target (up previously from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Finally, BMO Capital Markets increased their price target on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $127.05.

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About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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