Cetera Investment Advisers Lowers Stock Holdings in Fiserv, Inc. $FISV

Cetera Investment Advisers cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 107,587 shares of the business services provider’s stock after selling 2,771 shares during the quarter. Cetera Investment Advisers’ holdings in Fiserv were worth $18,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in shares of Fiserv by 3.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,891 shares of the business services provider’s stock valued at $1,743,000 after acquiring an additional 230 shares in the last quarter. OneAscent Financial Services LLC increased its stake in shares of Fiserv by 93.4% during the first quarter. OneAscent Financial Services LLC now owns 2,972 shares of the business services provider’s stock worth $658,000 after acquiring an additional 1,435 shares during the period. Finally, IFP Advisors Inc raised its holdings in Fiserv by 6.3% during the first quarter. IFP Advisors Inc now owns 8,120 shares of the business services provider’s stock worth $1,793,000 after purchasing an additional 478 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

NASDAQ:FISV opened at $61.34 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $33.34 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The firm has a 50-day moving average price of $108.57 and a two-hundred day moving average price of $139.91. Fiserv, Inc. has a twelve month low of $60.95 and a twelve month high of $238.59.

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

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a report on Thursday, October 30th. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group downgraded Fiserv from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.25.

Insiders Place Their Bets

In related news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Company 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.