Ninepoint Partners LP bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 209,800 shares of the business services provider’s stock, valued at approximately $27,056,000. Fiserv accounts for 1.9% of Ninepoint Partners LP’s holdings, making the stock its 9th largest holding. Ninepoint Partners LP owned approximately 0.10% of Fiserv as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv in the second quarter worth about $104,000. Parallel Advisors LLC raised its stake in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in Fiserv during the second quarter valued at approximately $122,000. Trust Co. of Vermont raised its stake in Fiserv by 53.3% during the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after buying an additional 453 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in Fiserv by 11,838.5% during the second 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 in the last quarter. 89.41% of the stock is owned by institutional investors.

Several analysts have issued reports on FISV shares. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Royal Bank Of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research report on Sunday, October 8th. Robert W. Baird reiterated a “buy” rating and set a $136.00 price target on shares of Fiserv in a research report on Friday, September 8th. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Cowen and Company reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, August 3rd. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $128.45.

Fiserv, Inc. (NASDAQ FISV) traded up $1.02 on Friday, hitting $129.54. The stock had a trading volume of 668,500 shares, compared to its average volume of 866,739. The stock has a market capitalization of $26,783.49, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.20 and a beta of 0.82. Fiserv, Inc. has a one year low of $102.51 and a one year high of $130.20. 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 (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. Fiserv’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 EPS. equities analysts expect that Fiserv, Inc. will post 5.08 earnings per share for the current year.

In related news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the transaction, the insider now owns 313,835 shares in the company, valued at $39,926,088.70. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock valued at $7,133,943 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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Fiserv Company Profile

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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