First Trust Advisors LP lifted its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 38.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,628 shares of the business services provider’s stock after purchasing an additional 76,892 shares during the period. First Trust Advisors LP owned about 0.07% of Fiserv worth $20,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its stake in Fiserv by 100.0% in the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the business services provider’s stock worth $107,000 after acquiring an additional 750 shares during the period. Dubuque Bank & Trust Co. grew its stake in Fiserv by 96.9% in the 1st quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock worth $107,000 after acquiring an additional 738 shares during the period. Ballew Advisors Inc purchased a new stake in Fiserv in the 1st quarter worth approximately $114,000. Litman Gregory Asset Management LLC purchased a new stake in Fiserv in the 1st quarter worth approximately $116,000. Finally, Certified Advisory Corp grew its stake in Fiserv by 144.4% in the 1st quarter. Certified Advisory Corp now owns 1,760 shares of the business services provider’s stock worth $125,000 after acquiring an additional 1,040 shares during the period. 89.17% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on FISV. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Friday, August 3rd. Deutsche Bank lifted their target price on shares of Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Citigroup lifted their target price on shares of Fiserv from $72.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Finally, Wolfe Research began coverage on shares of Fiserv in a research note on Tuesday, July 17th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $75.90.

In other Fiserv news, Director Kim M. Robak sold 10,388 shares of Fiserv stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $72.92, for a total value of $757,492.96. Following the transaction, the director now owns 85,094 shares in the company, valued at approximately $6,205,054.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $77.03, for a total transaction of $3,851,500.00. Following the completion of the transaction, the insider now owns 517,380 shares in the company, valued at approximately $39,853,781.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,388 shares of company stock worth $12,357,993. 1.70% of the stock is owned by company insiders.

Shares of FISV opened at $79.44 on Friday. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 2.20 and a beta of 0.77. Fiserv Inc has a fifty-two week low of $59.85 and a fifty-two week high of $80.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.69.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. Fiserv’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.57 EPS. sell-side analysts forecast that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

About Fiserv

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; 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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