Stephens Investment Management Group LLC reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,349 shares of the business services provider’s stock after selling 1,206 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Fiserv were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Elefante Mark B grew its position in shares of Fiserv by 0.3% during the 2nd quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock worth $699,000 after buying an additional 15 shares during the period. Roberts Glore & Co. Inc. IL grew its position in shares of Fiserv by 0.6% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 20 shares during the period. Nwam LLC grew its position in shares of Fiserv by 1.9% in the 2nd quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 35 shares during the period. Burney Co. grew its position in shares of Fiserv by 0.7% in the 2nd quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 55 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.

Fiserv, Inc. (FISV) traded down $0.56 on Thursday, hitting $127.71. The stock had a trading volume of 687,900 shares, compared to its average volume of 864,537. The firm has a market cap of $26,731.39, a price-to-earnings ratio of 26.34, a P/E/G ratio of 2.20 and a beta of 0.82. Fiserv, Inc. has a 12 month low of $102.60 and a 12 month high of $130.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14.

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 consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. equities analysts anticipate that Fiserv, Inc. will post 5.08 EPS for the current year.

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In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total value of $2,134,180.00. Following the sale, the insider now directly owns 330,835 shares of the company’s stock, valued at $41,533,025.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,124 shares of company stock worth $5,316,303. 1.80% of the stock is currently owned by insiders.

Several equities research analysts have commented on FISV shares. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Robert W. Baird restated an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Cowen and Company restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research note on Wednesday, September 6th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $130.41.

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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