Toth Financial Advisory Corp lowered its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 50.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,123 shares of the business services provider’s stock after selling 55,560 shares during the quarter. Toth Financial Advisory Corp’s holdings in Fiserv were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Private Wealth Asset Management LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $25,000. Kimelman & Baird LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $27,000. Goodman Advisory Group LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. Tripletail Wealth Management LLC purchased a new stake in Fiserv in the fourth quarter worth $27,000. Finally, Godfrey Financial Associates Inc. bought a new position in Fiserv in the fourth quarter worth $29,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CFO Paul M. Todd bought 10,060 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the transaction, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on FISV
Fiserv Stock Up 1.1%
Fiserv stock opened at $53.18 on Friday. The firm has a market cap of $28.28 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 3.96 and a beta of 0.80. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Fiserv, Inc. has a 12 month low of $47.04 and a 12 month high of $138.85. The stock has a fifty day simple moving average of $51.76 and a two-hundred day simple moving average of $55.60.
Fiserv (NASDAQ:FISV – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 7.26 EPS for the current fiscal year.
About Fiserv
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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