Great Lakes Advisors LLC raised its holdings in Fiserv Inc (NASDAQ:FISV) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,675 shares of the business services provider’s stock after purchasing an additional 729 shares during the quarter. Great Lakes Advisors LLC’s holdings in Fiserv were worth $2,973,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FISV. We Are One Seven LLC acquired a new position in Fiserv in the fourth quarter valued at $27,000. Sontag Advisory LLC acquired a new position in Fiserv in the fourth quarter valued at $27,000. Destination Wealth Management acquired a new position in Fiserv in the fourth quarter valued at $30,000. JOYN Advisors Inc. increased its stake in Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 180 shares during the period. Finally, WESPAC Advisors SoCal LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $31,000. Institutional investors own 90.56% of the company’s stock.

In related news, Director Kim M. Robak sold 10,904 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $87.01, for a total transaction of $948,757.04. Following the sale, the director now owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the completion of the sale, the insider now directly owns 436,141 shares in the company, valued at approximately $36,618,398.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,912 shares of company stock worth $10,856,871. 1.40% of the stock is owned by insiders.

Several brokerages have recently weighed in on FISV. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Moffett Nathanson began coverage on shares of Fiserv in a report on Tuesday. They issued a “buy” rating and a $108.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Finally, Buckingham Research began coverage on shares of Fiserv in a report on Thursday, February 7th. They issued a “buy” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Fiserv has an average rating of “Buy” and a consensus price target of $89.59.

FISV stock opened at $88.41 on Wednesday. The stock has a market cap of $34.69 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.11 and a beta of 0.80. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts predict that Fiserv Inc will post 3.45 earnings per share for the current year.

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Fiserv Company 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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