Ardevora Asset Management LLP bought a new position in Fiserv, Inc. (NASDAQ:FISV) during the third quarter, according to its most recent filing with the SEC. The firm bought 276,400 shares of the business services provider’s stock, valued at approximately $35,645,000. Ardevora Asset Management LLP owned approximately 0.13% of Fiserv as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Advisor Group Inc. lifted its holdings in shares of Fiserv by 6.8% in the 3rd quarter. Advisor Group Inc. now owns 6,473 shares of the business services provider’s stock worth $835,000 after purchasing an additional 411 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Fiserv by 130.3% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 128,586 shares of the business services provider’s stock worth $16,582,000 after purchasing an additional 72,749 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Fiserv by 10.9% in the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Fiserv by 0.3% in the 3rd quarter. New York State Common Retirement Fund now owns 581,663 shares of the business services provider’s stock worth $75,011,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Jarislowsky Fraser Ltd lifted its holdings in shares of Fiserv by 0.6% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 915,264 shares of the business services provider’s stock worth $118,032,000 after purchasing an additional 5,486 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

Shares of Fiserv, Inc. (NASDAQ FISV) traded up $0.16 during trading hours on Tuesday, reaching $128.16. The company’s stock had a trading volume of 693,400 shares, compared to its average volume of 867,757. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a fifty-two week low of $100.03 and a fifty-two week high of $130.20. The company has a market cap of $26,675.12, a PE ratio of 26.28, a PEG ratio of 2.19 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts forecast that Fiserv, Inc. will post 5.08 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada increased their target price on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $123.00 target price (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and a consensus target price of $128.45.

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In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the sale, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,124 shares of company stock valued at $7,133,943. Insiders own 1.80% of the company’s stock.

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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