Rockefeller Capital Management L.P. Sells 9,422 Shares of Fiserv, Inc. $FISV

Rockefeller Capital Management L.P. cut its holdings in Fiserv, Inc. (NASDAQ:FISV) by 10.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,256 shares of the business services provider’s stock after selling 9,422 shares during the period. Rockefeller Capital Management L.P.’s holdings in Fiserv were worth $14,699,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock valued at $11,059,063,000 after purchasing an additional 535,407 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fiserv in the first quarter valued at approximately $1,722,584,000. Alliancebernstein L.P. grew its position in Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after buying an additional 287,420 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Fiserv by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider’s stock worth $1,055,301,000 after acquiring an additional 190,527 shares during the period. 90.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Down 2.2%

Shares of Fiserv stock opened at $61.34 on Wednesday. The firm’s 50 day moving average is $108.57 and its 200 day moving average is $139.91. The firm has a market capitalization of $33.34 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FISV shares. Sanford C. Bernstein downgraded Fiserv from an “outperform” rating to a “market perform” rating and cut their target price for the company from $205.00 to $80.00 in a research report on Thursday, October 30th. KeyCorp downgraded Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a research note on Wednesday, October 29th. Citigroup decreased their target price on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $123.25.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.