Front Barnett Associates LLC decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,874 shares of the business services provider’s stock after selling 30 shares during the period. Front Barnett Associates LLC’s holdings in Fiserv were worth $1,208,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC raised its position in shares of Fiserv by 33.4% in the first quarter. Wedge Capital Management L L P NC now owns 510,221 shares of the business services provider’s stock worth $58,834,000 after buying an additional 127,788 shares during the period. OLD National Bancorp IN purchased a new position in shares of Fiserv during the first quarter worth $214,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Fiserv by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,641 shares of the business services provider’s stock worth $4,225,000 after buying an additional 692 shares during the period. Advisory Services Network LLC purchased a new position in shares of Fiserv during the first quarter worth $131,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Fiserv by 37,915.4% in the first quarter. Canada Pension Plan Investment Board now owns 9,884 shares of the business services provider’s stock worth $1,140,000 after buying an additional 9,858 shares during the period. Institutional investors own 87.72% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) traded up 0.1217% during trading on Thursday, reaching $123.3599. The company’s stock had a trading volume of 113,381 shares. Fiserv, Inc. has a 12 month low of $92.81 and a 12 month high of $129.35. The stock’s 50 day moving average is $124.15 and its 200 day moving average is $120.12. The company has a market cap of $25.96 billion, a price-to-earnings ratio of 30.1983 and a beta of 0.81.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm posted $1.08 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on FISV. Barclays PLC reiterated an “equal weight” rating and set a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Royal Bank Of Canada increased their target price on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. BMO Capital Markets increased their target price on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Finally, Wedbush reiterated an “outperform” rating and set a $146.25 target price (up previously from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and an average target price of $126.91.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 51,000 shares of company stock worth $6,342,700. 1.80% of the stock is owned by corporate insiders.

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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