Fiserv, Inc. (NASDAQ:FISV) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC increased its holdings in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,299 shares of the business services provider’s stock after acquiring an additional 673 shares during the quarter. Mutual Advisors LLC’s holdings in Fiserv were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FISV. AMI Investment Management Inc. boosted its position in Fiserv by 33.6% during the first quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock worth $2,839,000 after acquiring an additional 7,047 shares during the last quarter. American Century Companies Inc. raised its stake in Fiserv by 10.4% during the first quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock worth $936,000 after purchasing an additional 870 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Fiserv by 158.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock worth $98,000 after purchasing an additional 590 shares during the period. Prudential PLC purchased a new position in Fiserv during the first quarter worth about $1,095,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Fiserv during the first quarter worth about $357,000. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 1.7 %

NASDAQ:FISV opened at $103.71 on Wednesday. The stock has a market cap of $65.86 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The stock’s 50-day moving average is $101.51 and its two-hundred day moving average is $101.23. Fiserv, Inc. has a fifty-two week low of $87.03 and a fifty-two week high of $110.94. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NASDAQ:FISVGet Rating) last posted its earnings results on Thursday, October 27th. The business services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.07). Fiserv had a return on equity of 12.74% and a net margin of 11.98%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.27 billion. As a group, equities research analysts forecast that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FISV shares. Barclays reduced their price target on shares of Fiserv from $128.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a research note on Thursday, October 27th. Morgan Stanley upped their target price on shares of Fiserv from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 18th. Credit Suisse Group lowered their price target on shares of Fiserv from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, StockNews.com started coverage on shares of Fiserv in a report on Wednesday, October 12th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $120.70.

Insider Buying and Selling at Fiserv

In other Fiserv news, CRO Christopher M. Foskett sold 4,000 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $101.31, for a total value of $405,240.00. Following the sale, the executive now directly owns 99,094 shares in the company, valued at $10,039,213.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Holdings L.P. Valueact sold 1,060,030 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $102.23, for a total transaction of $108,366,866.90. Following the sale, the director now owns 13,587,746 shares in the company, valued at $1,389,075,273.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Christopher M. Foskett sold 4,000 shares of the stock in a transaction on Friday, December 9th. The stock was sold at an average price of $101.31, for a total value of $405,240.00. Following the sale, the executive now owns 99,094 shares in the company, valued at approximately $10,039,213.14. The disclosure for this sale can be found here. Insiders have sold 1,747,594 shares of company stock worth $178,182,913 over the last three months. Company insiders own 1.00% of the company’s stock.

About Fiserv

(Get Rating)

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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