American International Group Inc. lowered its position in Fiserv, Inc. (NASDAQ:FISV) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,263 shares of the business services provider’s stock after selling 9,266 shares during the period. American International Group Inc.’s holdings in Fiserv were worth $12,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FISV. Janus Henderson Group PLC boosted its position in Fiserv by 267.7% in the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after buying an additional 1,360,102 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in Fiserv by 23.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after buying an additional 1,020,121 shares during the last quarter. Voya Investment Management LLC boosted its position in Fiserv by 116.6% in the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after buying an additional 896,418 shares during the last quarter. BlackRock Inc. boosted its position in Fiserv by 3.7% in the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after buying an additional 528,274 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after buying an additional 518,262 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Fiserv, Inc. (FISV) opened at $128.13 on Friday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $26,702.17, a P/E ratio of 26.31, a PEG ratio of 2.19 and a beta of 0.82. Fiserv, Inc. has a 52 week low of $102.60 and a 52 week high of $130.20.

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

FISV has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Barclays PLC reissued an “equal weight” rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $130.41.

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

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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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