Fiserv, Inc. (NASDAQ:FISV) Stake Raised by Fiduciary Trust Co.

Fiduciary Trust Co. lifted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 139.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,172 shares of the business services provider’s stock after buying an additional 4,180 shares during the period. Fiduciary Trust Co.’s holdings in Fiserv were worth $877,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FISV. First Manhattan Co. boosted its position in shares of Fiserv by 14.9% during the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after buying an additional 134 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Fiserv by 94.9% in the first quarter. Russell Investments Group Ltd. now owns 84,167 shares of the business services provider’s stock worth $9,706,000 after purchasing an additional 40,981 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Fiserv by 37,915.4% in the first quarter. Canada Pension Plan Investment Board now owns 9,884 shares of the business services provider’s stock worth $1,140,000 after purchasing an additional 9,858 shares during the last quarter. Advisory Services Network LLC purchased a new position in Fiserv in the first quarter worth $131,000. Finally, OLD National Bancorp IN purchased a new position in Fiserv in the first quarter worth $214,000. 87.72% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. Barclays PLC reissued an “equal weight” rating and issued a $123.00 price objective (up previously from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $118.00 price objective on shares of Fiserv in a research report on Tuesday, June 20th. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Wedbush reissued an “outperform” rating and issued a $146.25 price objective (up previously from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Finally, Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Wednesday, July 19th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $127.05.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the sale, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 51,000 shares of company stock valued at $6,342,700 in the last quarter. 1.80% of the stock is owned by insiders.

Shares of Fiserv, Inc. (FISV) traded up 0.25% during trading on Friday, reaching $123.86. The company’s stock had a trading volume of 519,268 shares. The company has a 50 day moving average of $123.56 and a 200 day moving average of $121.24. The company has a market cap of $26.07 billion, a PE ratio of 30.32 and a beta of 0.82. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $1.08 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

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Fiserv Profile

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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