Oarsman Capital Inc. Cuts Stake in Fiserv, Inc. (FISV)

Oarsman Capital Inc. cut its position in Fiserv, Inc. (NASDAQ:FISV) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,631 shares of the business services provider’s stock after selling 265 shares during the period. Fiserv makes up 1.2% of Oarsman Capital Inc.’s holdings, making the stock its 25th largest position. Oarsman Capital Inc.’s holdings in Fiserv were worth $2,646,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FISV. Gardiner Nancy B grew its holdings in Fiserv by 6.5% during the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock worth $1,445,000 after acquiring an additional 762 shares during the period. British Columbia Investment Management Corp grew its holdings in Fiserv by 6.3% during the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock worth $9,751,000 after acquiring an additional 5,016 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in Fiserv by 25.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock worth $1,866,000 after acquiring an additional 3,304 shares during the period. Atria Investments LLC acquired a new stake in Fiserv during the second quarter worth about $201,000. Finally, Nikko Asset Management Americas Inc. grew its holdings in Fiserv by 755.0% during the second quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock worth $12,552,000 after acquiring an additional 90,600 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 51,000 shares of company stock worth $6,342,700. Insiders own 1.80% of the company’s stock.

Shares of Fiserv, Inc. (FISV) traded up 0.70% during trading on Monday, reaching $123.52. The company’s stock had a trading volume of 148,462 shares. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35. The company has a 50 day moving average price of $123.77 and a 200 day moving average price of $121.07. The firm has a market capitalization of $26.00 billion, a P/E ratio of 30.24 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results 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. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

FISV has been the topic of several analyst reports. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, July 19th. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 target price on shares of Fiserv in a report on Friday. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.05.

Fiserv Company Profile

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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