Crossmark Global Holdings Inc. bought a new stake in Fiserv, Inc. (NASDAQ:FISV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,853 shares of the business services provider’s stock, valued at approximately $4,753,000.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Fiserv by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares during the period. BlackRock Inc. grew its holdings in Fiserv by 3.7% during the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after purchasing an additional 528,274 shares during the period. FMR LLC grew its holdings in Fiserv by 0.7% during the second quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock valued at $845,121,000 after purchasing an additional 47,797 shares during the period. Alliancebernstein L.P. grew its holdings in Fiserv by 7.0% during the second quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock valued at $431,555,000 after purchasing an additional 232,005 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Fiserv by 267.7% during the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after purchasing an additional 1,360,102 shares during the period. 87.85% of the stock is owned by institutional investors.

Several brokerages have weighed in on FISV. SunTrust Banks, Inc. reissued a “hold” rating and set a $130.00 price objective on shares of Fiserv in a report on Wednesday. Cantor Fitzgerald reissued a “hold” rating and set a $126.00 price objective on shares of Fiserv in a report on Wednesday. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada increased their price objective on Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd. Finally, Barclays PLC reissued an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Fiserv presently has an average rating of “Hold” and an average price target of $128.45.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.10%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm earned $1.14 EPS. The company’s revenue was up 1.4% on a year-over-year basis.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the sale, the insider now owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,124 shares of company stock valued at $7,133,943. Insiders own 1.80% of the company’s stock.

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Fiserv 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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