Bronfman E.L. Rothschild L.P. lowered its stake in shares of Fiserv Inc (NASDAQ:FISV) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,678 shares of the business services provider’s stock after selling 1,506 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Fiserv were worth $2,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its holdings in Fiserv by 252.6% in the first quarter. Global X Management Co. LLC now owns 97,680 shares of the business services provider’s stock valued at $6,966,000 after acquiring an additional 69,980 shares during the last quarter. Ashfield Capital Partners LLC boosted its holdings in Fiserv by 95.9% during the first quarter. Ashfield Capital Partners LLC now owns 31,292 shares of the business services provider’s stock worth $2,231,000 after buying an additional 15,317 shares during the last quarter. FDx Advisors Inc. boosted its holdings in Fiserv by 87.5% during the first quarter. FDx Advisors Inc. now owns 13,025 shares of the business services provider’s stock worth $929,000 after buying an additional 6,079 shares during the last quarter. Albert D Mason Inc. boosted its holdings in Fiserv by 98.5% during the first quarter. Albert D Mason Inc. now owns 45,026 shares of the business services provider’s stock worth $3,211,000 after buying an additional 22,343 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Fiserv by 110.5% during the first quarter. Wells Fargo & Company MN now owns 1,012,519 shares of the business services provider’s stock worth $72,202,000 after buying an additional 531,566 shares during the last quarter. 89.17% of the stock is owned by institutional investors and hedge funds.

FISV has been the topic of a number of recent analyst reports. Credit Suisse Group reduced their target price on Fiserv from $68.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, May 2nd. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. ValuEngine upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Cantor Fitzgerald restated a “hold” rating and set a $73.00 target price on shares of Fiserv in a report on Wednesday, August 1st. Finally, SunTrust Banks raised their target price on Fiserv to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $75.90.

NASDAQ FISV opened at $79.44 on Monday. The stock has a market cap of $32.09 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.20 and a beta of 0.77. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.69. Fiserv Inc has a one year low of $59.85 and a one year high of $80.00.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. Fiserv’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. research analysts anticipate that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

In other news, Director Kim M. Robak sold 10,388 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $72.92, for a total transaction of $757,492.96. Following the sale, the director now owns 85,094 shares of the company’s stock, valued at $6,205,054.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $78.64, for a total value of $3,932,000.00. Following the sale, the insider now directly owns 467,380 shares in the company, valued at approximately $36,754,763.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,388 shares of company stock worth $12,357,993. 1.70% of the stock is currently owned by insiders.

Fiserv Company 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; 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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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