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

Rockefeller Capital Management L.P. decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 10.0% during the 2nd quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Nuveen LLC acquired a new position in Fiserv during the 1st quarter worth about $1,722,584,000. JPMorgan Chase & Co. raised its position in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after acquiring an additional 1,842,784 shares during the period. Swedbank AB boosted its holdings in Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after acquiring an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in Fiserv during the 1st quarter valued at approximately $265,769,000. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FISV shares. Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and dropped their price target for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an “outperform” rating in a report on Friday, October 10th. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods cut their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $123.25.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $61.34 on Wednesday. The firm has a market capitalization of $33.34 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.56 and a beta of 0.90. The firm’s 50-day moving average price is $108.57 and its 200-day moving average price is $139.91. 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, Inc. has a 1-year low of $60.95 and a 1-year high of $238.59.

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

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.