Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Fiserv Inc (NASDAQ:FISV) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,102 shares of the business services provider’s stock after acquiring an additional 935 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Fiserv were worth $4,481,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FISV. Coastline Trust Co acquired a new position in Fiserv during the 3rd quarter valued at about $202,000. Univest Corp of Pennsylvania acquired a new position in Fiserv during the 4th quarter valued at about $202,000. Paragon Capital Management Ltd acquired a new position in Fiserv during the 3rd quarter valued at about $206,000. Associated Banc Corp acquired a new position in Fiserv during the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC acquired a new position in Fiserv during the 4th quarter valued at about $267,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Fiserv Inc (FISV) opened at $137.46 on Friday. Fiserv Inc has a 12 month low of $108.85 and a 12 month high of $144.20. The firm has a market capitalization of $27,727.54, a P/E ratio of 23.70, a PEG ratio of 1.88 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. research analysts forecast that Fiserv Inc will post 6.15 earnings per share for the current fiscal year.

FISV has been the subject of a number of analyst reports. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Credit Suisse Group lifted their price target on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Guggenheim reiterated a “buy” rating and set a $160.00 price target on shares of Fiserv in a research note on Monday, January 29th. Finally, Barclays reiterated a “hold” rating and set a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Fiserv has a consensus rating of “Hold” and an average target price of $139.86.

In related news, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the completion of the sale, the insider now directly owns 203,051 shares in the company, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. Insiders sold a total of 49,439 shares of company stock worth $6,605,353 in the last ninety days. 1.80% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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