Guggenheim Capital LLC cut its stake in Fiserv Inc (NASDAQ:FISV) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,393 shares of the business services provider’s stock after selling 65,921 shares during the quarter. Guggenheim Capital LLC’s holdings in Fiserv were worth $12,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FISV. Optimal Asset Management Inc. boosted its holdings in Fiserv by 90.8% in the first quarter. Optimal Asset Management Inc. now owns 118,935 shares of the business services provider’s stock worth $11,298,000 after purchasing an additional 56,614 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Fiserv by 16.0% in the first quarter. Coldstream Capital Management Inc. now owns 2,438 shares of the business services provider’s stock worth $232,000 after purchasing an additional 337 shares in the last quarter. National Pension Service boosted its holdings in Fiserv by 1.8% in the first quarter. National Pension Service now owns 775,329 shares of the business services provider’s stock worth $73,649,000 after purchasing an additional 13,364 shares in the last quarter. UMB Bank N A MO boosted its holdings in Fiserv by 259.2% in the first quarter. UMB Bank N A MO now owns 84,881 shares of the business services provider’s stock worth $8,063,000 after purchasing an additional 61,253 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Fiserv by 18.6% in the first quarter. The Manufacturers Life Insurance Company now owns 709,244 shares of the business services provider’s stock worth $67,371,000 after purchasing an additional 111,125 shares in the last quarter. 93.02% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Jeffery W. Yabuki sold 2,500 shares of the stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $101.61, for a total value of $254,025.00. Following the completion of the transaction, the chief executive officer now owns 305,537 shares of the company’s stock, valued at $31,045,614.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the completion of the transaction, the chief executive officer now directly owns 385,537 shares of the company’s stock, valued at approximately $36,074,697.09. The disclosure for this sale can be found here. Insiders sold 407,996 shares of company stock valued at $42,532,359 in the last three months. Company insiders own 1.60% of the company’s stock.

Shares of NASDAQ FISV traded down $1.23 during mid-day trading on Friday, hitting $96.20. The company had a trading volume of 93,536 shares, compared to its average volume of 4,680,114. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day simple moving average is $103.78 and its 200-day simple moving average is $107.72. Fiserv Inc has a 12 month low of $73.50 and a 12 month high of $125.05. The firm has a market cap of $65.23 billion, a P/E ratio of 52.94, a PEG ratio of 1.69 and a beta of 0.83.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, May 7th. The business services provider reported $0.99 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue was up 150.9% on a year-over-year basis. As a group, sell-side analysts predict that Fiserv Inc will post 4.41 EPS for the current year.

A number of brokerages recently issued reports on FISV. Argus decreased their price objective on shares of Fiserv from $135.00 to $115.00 and set a “buy” rating for the company in a report on Friday, June 12th. Barclays upped their price objective on shares of Fiserv from $124.00 to $129.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Citigroup upped their price target on shares of Fiserv from $110.00 to $122.00 and gave the company a “buy” rating in a report on Monday, May 11th. Stephens decreased their price target on shares of Fiserv from $126.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Finally, KeyCorp upped their price target on shares of Fiserv from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $120.19.

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.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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