Engineers Gate Manager LP Cuts Stake in Fiserv Inc (FISV)

Engineers Gate Manager LP lowered its stake in shares of Fiserv Inc (NASDAQ:FISV) by 68.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,887 shares of the business services provider’s stock after selling 4,022 shares during the period. Engineers Gate Manager LP’s holdings in Fiserv were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in Fiserv during the second quarter worth about $122,000. Sun Life Financial INC boosted its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in Fiserv during the third quarter worth about $206,000. Finally, Pegasus Partners Ltd. acquired a new position in Fiserv during the second quarter worth about $200,000. 88.62% of the stock is owned by institutional investors and hedge funds.

Fiserv Inc (NASDAQ FISV) opened at $131.96 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. The firm has a market cap of $27,500.00, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82. Fiserv Inc has a fifty-two week low of $104.51 and a fifty-two week high of $133.11.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. equities research analysts predict that Fiserv Inc will post 5.08 earnings per share for the current fiscal year.

FISV has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird restated an “outperform” rating and set a $146.00 price target (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Cowen restated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada restated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $130.41.

In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the completion of the transaction, the insider now owns 313,835 shares in the company, valued at $39,926,088.70. The disclosure for this sale can be found here. Insiders sold a total of 39,439 shares of company stock worth $5,005,883 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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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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