Stratos Wealth Partners LTD. acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,371 shares of the business services provider’s stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gardiner Nancy B raised its position in shares of Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after buying an additional 762 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock valued at $44,026,000 after buying an additional 232,364 shares during the last quarter. British Columbia Investment Management Corp raised its position in shares of Fiserv by 6.3% in the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock valued at $9,751,000 after buying an additional 5,016 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Fiserv by 25.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 3,304 shares during the last quarter. Finally, University of Texas Investment Managment Co. acquired a new position in shares of Fiserv during the first quarter valued at $184,000. Institutional investors own 87.60% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) opened at 123.30 on Thursday. The firm’s 50-day moving average price is $124.44 and its 200-day moving average price is $118.91. The firm has a market capitalization of $26.67 billion, a PE ratio of 30.18 and a beta of 0.81. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35.

Fiserv (NASDAQ:FISV) last announced its quarterly 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 return on equity of 41.79% and a net margin of 16.04%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

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FISV has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $123.00 price objective on shares of Fiserv in a research report on Friday, April 28th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Credit Suisse Group reiterated a “hold” rating and issued a $116.00 price objective on shares of Fiserv in a research report on Friday, April 28th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $118.00 price objective on shares of Fiserv in a research report on Tuesday, June 20th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Fiserv currently has a consensus rating of “Buy” and a consensus target price of $126.91.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the sale, the insider now directly owns 303,151 shares of the company’s stock, valued at approximately $37,912,064.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 51,000 shares of company stock valued at $6,339,810. 1.80% of the stock is owned by corporate insiders.

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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