Birch Hill Investment Advisors LLC Cuts Stake in Fiserv, Inc. (FISV)

Birch Hill Investment Advisors LLC decreased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 375,666 shares of the business services provider’s stock after selling 2,125 shares during the quarter. Fiserv makes up 4.2% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Birch Hill Investment Advisors LLC owned approximately 0.18% of Fiserv worth $48,446,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC bought a new position in Fiserv in the 2nd quarter worth about $122,000. Sun Life Financial INC boosted its stake in Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the period. Pegasus Partners Ltd. bought a new position in Fiserv in the 2nd quarter worth about $200,000. Finally, Trustmark National Bank Trust Department bought a new position in Fiserv in the 2nd quarter worth about $204,000. Institutional investors own 88.62% of the company’s stock.

Several research analysts have commented on the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks restated a “hold” rating and issued a $130.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Cowen restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Finally, Robert W. Baird restated an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $130.41.

Shares of Fiserv, Inc. (FISV) opened at $131.72 on Monday. Fiserv, Inc. has a 1-year low of $104.36 and a 1-year high of $133.11. The firm has a market capitalization of $27,450.37, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business earned $1.14 EPS. The business’s revenue was up 1.4% on a year-over-year basis. equities research analysts forecast that Fiserv, Inc. will post 5.08 earnings per share for the current year.

In related news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the transaction, the insider now directly owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,124 shares of company stock worth $5,316,303. Insiders own 1.80% of the company’s stock.

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About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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