Broderick Brian C lowered its position in shares of Fiserv Inc (NASDAQ:FISV) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,853 shares of the business services provider’s stock after selling 3,446 shares during the quarter. Fiserv makes up approximately 2.8% of Broderick Brian C’s holdings, making the stock its 9th biggest holding. Broderick Brian C’s holdings in Fiserv were worth $8,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Schroder Investment Management Group boosted its holdings in shares of Fiserv by 17.4% during the second quarter. Schroder Investment Management Group now owns 787,914 shares of the business services provider’s stock worth $71,826,000 after purchasing an additional 116,506 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in Fiserv during the second quarter worth about $2,445,000. Canada Pension Plan Investment Board lifted its position in Fiserv by 85.0% during the second quarter. Canada Pension Plan Investment Board now owns 4,498 shares of the business services provider’s stock worth $410,000 after buying an additional 2,066 shares during the period. Pictet Asset Management Ltd. boosted its stake in Fiserv by 27.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,970,684 shares of the business services provider’s stock worth $270,808,000 after buying an additional 639,600 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in Fiserv by 17.3% in the 2nd quarter. MML Investors Services LLC now owns 8,107 shares of the business services provider’s stock worth $739,000 after buying an additional 1,193 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

A number of research analysts have recently commented on FISV shares. JPMorgan Chase & Co. began coverage on shares of Fiserv in a research note on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective for the company. Stephens raised their target price on shares of Fiserv from $117.00 to $124.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Monday, November 11th. ValuEngine downgraded shares of Fiserv from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Bank of America assumed coverage on shares of Fiserv in a research note on Tuesday, December 3rd. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $110.98.

In other Fiserv news, insider Lynn S. Mccreary sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $111.39, for a total value of $2,005,020.00. Following the completion of the transaction, the insider now owns 70,364 shares in the company, valued at approximately $7,837,845.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $116.19, for a total transaction of $2,904,750.00. Following the completion of the sale, the chief executive officer now directly owns 443,690 shares of the company’s stock, valued at approximately $51,552,341.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,500 shares of company stock valued at $16,777,390. Insiders own 1.40% of the company’s stock.

Shares of NASDAQ:FISV traded up $0.96 during midday trading on Wednesday, hitting $118.51. 2,003,364 shares of the company’s stock traded hands, compared to its average volume of 2,894,533. The firm’s fifty day moving average price is $116.20 and its two-hundred day moving average price is $106.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv Inc has a twelve month low of $68.45 and a twelve month high of $119.31. The company has a market cap of $79.64 billion, a PE ratio of 38.23, a P/E/G ratio of 1.71 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. As a group, equities research analysts anticipate that Fiserv Inc will post 4.04 EPS for the current fiscal year.

Fiserv 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; Internet and 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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