Howland Capital Management LLC Sells 1,442 Shares of Fiserv Inc (FISV)

Share on StockTwits

Howland Capital Management LLC cut its stake in shares of Fiserv Inc (NASDAQ:FISV) by 8.8% during the 1st quarter, HoldingsChannel reports. The fund owned 15,004 shares of the business services provider’s stock after selling 1,442 shares during the period. Howland Capital Management LLC’s holdings in Fiserv were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Martingale Asset Management L P raised its position in shares of Fiserv by 6.5% during the 3rd quarter. Martingale Asset Management L P now owns 463,596 shares of the business services provider’s stock valued at $38,192,000 after acquiring an additional 28,102 shares in the last quarter. Standard Life Aberdeen plc raised its position in shares of Fiserv by 12.0% during the 3rd quarter. Standard Life Aberdeen plc now owns 128,017 shares of the business services provider’s stock valued at $10,547,000 after acquiring an additional 13,681 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Fiserv by 106.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 12,257 shares of the business services provider’s stock valued at $1,010,000 after acquiring an additional 209,805 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Fiserv by 94.2% during the 3rd quarter. Renaissance Technologies LLC now owns 23,708 shares of the business services provider’s stock valued at $1,953,000 after acquiring an additional 11,500 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Fiserv during the 3rd quarter valued at approximately $362,000. 88.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FISV traded up $0.67 on Monday, hitting $85.73. The company’s stock had a trading volume of 3,857,014 shares, compared to its average volume of 5,243,625. Fiserv Inc has a 12 month low of $68.43 and a 12 month high of $91.19. The stock has a market cap of $33.31 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.05 and a beta of 0.83. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Fiserv Inc will post 3.45 EPS for the current year.

FISV has been the topic of several research reports. ValuEngine raised Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $73.00 price target on shares of Fiserv in a research report on Wednesday, January 16th. Stephens raised Fiserv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $76.00 to $90.00 in a research report on Wednesday, January 16th. Finally, Wolfe Research raised Fiserv from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.29.

In other news, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the transaction, the chief executive officer now owns 391,146 shares of the company’s stock, valued at $33,329,550.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Denis Oleary sold 13,728 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the transaction, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. In the last three months, insiders sold 157,912 shares of company stock valued at $13,389,571. Company insiders own 1.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Howland Capital Management LLC Sells 1,442 Shares of Fiserv Inc (FISV)” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://weekherald.com/2019/04/22/howland-capital-management-llc-sells-1442-shares-of-fiserv-inc-fisv.html.

Fiserv Profile

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.

Featured Story: What are the benefits of investing in REITs?

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.