Emerald Advisers LLC lessened its holdings in Fiserv Inc (NASDAQ:FISV) by 46.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,671 shares of the business services provider’s stock after selling 8,271 shares during the period. Emerald Advisers LLC’s holdings in Fiserv were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Bremer Bank National Association purchased a new stake in shares of Fiserv during the 1st quarter worth $25,000. Advantage Investment Management LLC lifted its position in shares of Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Fiserv by 74.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock worth $41,000 after purchasing an additional 198 shares during the last quarter. Finally, Glassman Wealth Services lifted its position in shares of Fiserv by 76.9% during the 1st quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock worth $41,000 after purchasing an additional 203 shares during the last quarter. 87.39% of the stock is owned by institutional investors.

Shares of FISV opened at $102.29 on Thursday. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $107.06. The stock has a market capitalization of $40.95 billion, a PE ratio of 33.00, a PEG ratio of 2.31 and a beta of 0.80. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The company has a fifty day moving average of $97.93.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Fiserv’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts anticipate that Fiserv Inc will post 3.76 earnings per share for the current fiscal year.

Several research firms have recently issued reports on FISV. Oppenheimer lifted their price objective on shares of Fiserv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $120.00 in a research report on Tuesday, July 30th. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $97.88.

In other Fiserv news, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $89.23, for a total value of $1,784,600.00. Following the transaction, the insider now directly owns 354,929 shares in the company, valued at $31,670,314.67. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the completion of the transaction, the insider now owns 371,429 shares in the company, valued at $33,038,609.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,000 shares of company stock valued at $5,911,500. 1.40% of the stock is owned by corporate insiders.

Fiserv Profile

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; Internet and 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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