Dudley & Shanley LLC lessened its position in shares of Fiserv Inc (NASDAQ:FISV) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 179,080 shares of the business services provider’s stock after selling 2,700 shares during the quarter. Fiserv accounts for 5.3% of Dudley & Shanley LLC’s holdings, making the stock its 10th largest holding. Dudley & Shanley LLC’s holdings in Fiserv were worth $23,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sun Life Financial INC lifted its position in shares of Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares during the last quarter. Coastline Trust Co purchased a new stake in Fiserv during the 3rd quarter worth about $202,000. Univest Corp of Pennsylvania purchased a new stake in Fiserv during the 4th quarter worth about $202,000. Paragon Capital Management Ltd purchased a new stake in Fiserv during the 3rd quarter worth about $206,000. Finally, Associated Banc Corp purchased a new stake in Fiserv during the 3rd quarter worth about $261,000. 88.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fiserv Inc (NASDAQ:FISV) traded up $2.08 during midday trading on Monday, reaching $140.19. The company’s stock had a trading volume of 751,509 shares, compared to its average volume of 855,250. The company has a market cap of $29,120.00, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.10 and a beta of 0.82. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. Fiserv Inc has a fifty-two week low of $104.51 and a fifty-two week high of $140.20.

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

A number of analysts recently issued reports on FISV shares. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Royal Bank of Canada reissued a “hold” rating and set a $128.00 price objective on shares of Fiserv in a report on Sunday, October 8th. Robert W. Baird reissued an “outperform” rating and set a $146.00 price objective (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Cowen reissued a “hold” rating and set a $115.00 price objective on shares of Fiserv in a report on Thursday, October 12th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $133.72.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the transaction, the insider now directly owns 236,835 shares in the company, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $131.03, for a total value of $1,310,300.00. Following the transaction, the insider now owns 19,719 shares in the company, valued at $2,583,780.57. The disclosure for this sale can be found here. Insiders sold a total of 49,439 shares of company stock worth $6,605,353 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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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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