Fiserv Inc (NASDAQ:FISV) Shares Sold by Toth Financial Advisory Corp

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Toth Financial Advisory Corp cut its stake in shares of Fiserv Inc (NASDAQ:FISV) by 0.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 124,438 shares of the business services provider’s stock after selling 301 shares during the period. Fiserv makes up 2.6% of Toth Financial Advisory Corp’s portfolio, making the stock its 5th largest holding. Toth Financial Advisory Corp’s holdings in Fiserv were worth $12,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Macquarie Group Ltd. lifted its holdings in Fiserv by 23.5% in the fourth quarter. Macquarie Group Ltd. now owns 358,620 shares of the business services provider’s stock valued at $41,467,000 after acquiring an additional 68,148 shares during the period. Avantax Advisory Services Inc. increased its position in Fiserv by 8.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 3,552 shares of the business services provider’s stock worth $336,000 after purchasing an additional 266 shares in the last quarter. Bluefin Trading LLC acquired a new position in Fiserv during the 4th quarter worth approximately $1,750,000. FDx Advisors Inc. raised its position in shares of Fiserv by 50.2% in the 1st quarter. FDx Advisors Inc. now owns 14,777 shares of the business services provider’s stock valued at $1,404,000 after purchasing an additional 4,937 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its position in shares of Fiserv by 14.9% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 192,585 shares of the business services provider’s stock valued at $18,294,000 after purchasing an additional 24,990 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

FISV has been the subject of a number of research analyst reports. Deutsche Bank lowered their price target on Fiserv from $150.00 to $135.00 and set a “buy” rating for the company in a report on Friday, May 8th. Barclays upped their price objective on Fiserv from $124.00 to $129.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Raymond James lowered their price objective on Fiserv from $133.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $108.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Susquehanna Bancshares upgraded Fiserv from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $108.00 to $114.00 in a research note on Thursday, May 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Fiserv currently has an average rating of “Buy” and an average price target of $121.50.

In related news, CAO Kenneth Best sold 11,496 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $108.94, for a total transaction of $1,252,374.24. Following the completion of the sale, the chief accounting officer now directly owns 38,133 shares of the company’s stock, valued at approximately $4,154,209.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Guy Chiarello sold 20,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $108.96, for a total value of $2,179,200.00. Following the sale, the insider now directly owns 302,775 shares of the company’s stock, valued at $32,990,364. The disclosure for this sale can be found here. Insiders have sold a total of 407,996 shares of company stock valued at $42,532,359 over the last ninety days. Insiders own 1.60% of the company’s stock.

Fiserv stock traded up $3.18 during mid-day trading on Tuesday, hitting $97.54. The company’s stock had a trading volume of 5,095,255 shares, compared to its average volume of 4,869,689. The firm’s 50 day moving average is $101.59 and its 200 day moving average is $106.02. The company has a market cap of $63.17 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 1.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv Inc has a 52-week low of $73.50 and a 52-week high of $125.05.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.99. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. The company’s quarterly revenue was up 150.9% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. As a group, analysts forecast that Fiserv Inc will post 4.41 EPS for the current year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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