Charles Schwab Investment Management Inc. Has $647.69 Million Holdings in Fiserv, Inc. $FISV

Charles Schwab Investment Management Inc. decreased its stake in Fiserv, Inc. (NASDAQ:FISV) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,756,697 shares of the business services provider’s stock after selling 24,157 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.69% of Fiserv worth $647,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. E Fund Management Co. Ltd. boosted its stake in Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares during the last quarter. LaSalle St. Investment Advisors LLC increased its stake in Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 62 shares in the last quarter. SageView Advisory Group LLC raised its holdings in Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after purchasing an additional 62 shares during the period. Howland Capital Management LLC boosted its position in shares of Fiserv by 0.5% during the first quarter. Howland Capital Management LLC now owns 13,874 shares of the business services provider’s stock worth $3,064,000 after purchasing an additional 64 shares in the last quarter. Finally, 17 Capital Partners LLC boosted its position in shares of Fiserv by 0.9% during the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after purchasing an additional 70 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 1.8%

Shares of NASDAQ:FISV opened at $60.84 on Monday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The company has a market capitalization of $33.07 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a 50-day simple moving average of $104.16 and a 200 day simple moving average of $137.30.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion for the quarter. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

FISV has been the topic of several research analyst reports. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. BTIG Research reaffirmed a “buy” rating and set a $180.00 price target on shares of Fiserv in a research report on Wednesday, October 29th. Citigroup decreased their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average price target of $123.25.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.