FDO Partners LLC purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,782 shares of the business services provider’s stock, valued at approximately $488,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Fiserv during the second quarter valued at approximately $104,000. Acrospire Investment Management LLC purchased a new stake in Fiserv during the second quarter valued at approximately $122,000. Sun Life Financial INC raised its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,539 shares during the period. Finally, Paragon Capital Management Ltd purchased a new stake in Fiserv during the third quarter valued at approximately $206,000. 88.61% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on FISV shares. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research report on Sunday, October 8th. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Fiserv in a research report on Friday, September 8th. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $130.41.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the transaction, the insider now directly owns 330,835 shares in the company, valued at approximately $41,533,025.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction 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 owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,124 shares of company stock worth $5,316,303. Company insiders own 1.80% of the company’s stock.

Shares of Fiserv, Inc. (NASDAQ FISV) opened at $130.41 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $131.85. The firm has a market capitalization of $27,177.31, a P/E ratio of 26.78, a PEG ratio of 2.23 and a beta of 0.82.

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

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Fiserv Company 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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