HM Payson & Co. Has $10.30 Million Position in Fiserv, Inc. $FISV

HM Payson & Co. cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,874 shares of the business services provider’s stock after selling 7,937 shares during the period. HM Payson & Co.’s holdings in Fiserv were worth $10,298,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vise Technologies Inc. bought a new stake in Fiserv during the 2nd quarter worth approximately $2,320,000. Sowell Financial Services LLC lifted its holdings in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares in the last quarter. Factory Mutual Insurance Co. boosted its position in shares of Fiserv by 11.7% during the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. grew its holdings in Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares in the last quarter. Finally, Ipsen Advisor Group LLC purchased a new stake in Fiserv in the 2nd quarter valued at $759,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FISV has been the subject of several analyst reports. TD Cowen lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Thursday, October 30th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Stephens lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and an average price target of $119.58.

Insiders Place Their Bets

In other Fiserv news, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 34,900 shares of company stock valued at $2,211,971 over the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $67.50 on Monday. The company has a 50 day moving average of $73.38 and a 200 day moving average of $119.30. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market cap of $36.69 billion, a P/E ratio of 10.43, a P/E/G ratio of 2.60 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv Profile

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.