Profund Advisors LLC boosted its holdings in Fiserv Inc (NASDAQ:FISV) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,436 shares of the business services provider’s stock after purchasing an additional 1,932 shares during the period. Profund Advisors LLC’s holdings in Fiserv were worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FISV. BlackRock Inc. grew its position in shares of Fiserv by 0.8% in the 1st quarter. BlackRock Inc. now owns 31,604,338 shares of the business services provider’s stock valued at $2,790,031,000 after acquiring an additional 258,945 shares during the period. JPMorgan Chase & Co. grew its position in shares of Fiserv by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,508,566 shares of the business services provider’s stock valued at $682,004,000 after acquiring an additional 758,149 shares during the period. FMR LLC grew its position in shares of Fiserv by 8.6% in the 1st quarter. FMR LLC now owns 6,516,935 shares of the business services provider’s stock valued at $575,315,000 after acquiring an additional 513,992 shares during the period. Egerton Capital UK LLP bought a new position in shares of Fiserv in the 1st quarter valued at about $568,121,000. Finally, Geode Capital Management LLC grew its position in shares of Fiserv by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock valued at $456,535,000 after acquiring an additional 469,507 shares during the period. 87.43% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on FISV. Atlantic Securities began coverage on shares of Fiserv in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price objective for the company. Citigroup raised shares of Fiserv from a “neutral” rating to a “buy” rating in a research report on Thursday, August 29th. Moffett Nathanson began coverage on shares of Fiserv in a research report on Tuesday, May 21st. They issued a “buy” rating and a $108.00 price objective for the company. Wells Fargo & Co began coverage on shares of Fiserv in a research report on Wednesday, June 19th. They issued an “outperform” rating and a $110.00 price objective for the company. Finally, Berenberg Bank began coverage on shares of Fiserv in a research report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $100.72.

In other news, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 354,929 shares in the company, valued at approximately $31,670,314.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the transaction, the chairman now owns 291,429 shares of the company’s stock, valued at $31,314,046.05. The disclosure for this sale can be found here. Insiders sold a total of 136,000 shares of company stock valued at $13,905,850 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Fiserv stock traded down $1.35 during midday trading on Friday, hitting $102.54. The company’s stock had a trading volume of 201,657 shares, compared to its average volume of 3,708,241. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $109.92. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97. The company has a 50-day moving average price of $105.10 and a two-hundred day moving average price of $92.42. The company has a market cap of $40.75 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.30 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that Fiserv Inc will post 3.76 EPS for the current year.

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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