Fiserv, Inc. (FISV) Stake Decreased by Boston Financial Mangement LLC

Boston Financial Mangement LLC decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,590 shares of the business services provider’s stock after selling 200 shares during the period. Boston Financial Mangement LLC’s holdings in Fiserv were worth $439,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock worth $1,654,185,000 after buying an additional 13,827,530 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fiserv by 152.1% in the first quarter. JPMorgan Chase & Co. now owns 459,649 shares of the business services provider’s stock worth $53,001,000 after buying an additional 277,357 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,783,290 shares of the business services provider’s stock worth $2,396,522,000 after buying an additional 255,329 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Fiserv by 282.4% in the first quarter. WINTON GROUP Ltd now owns 345,463 shares of the business services provider’s stock worth $34,363,000 after buying an additional 255,125 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock worth $44,026,000 after buying an additional 232,364 shares during the last quarter. 88.03% of the stock is owned by institutional investors.

Shares of Fiserv, Inc. (NASDAQ:FISV) opened at 120.36 on Friday. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 29.46 and a beta of 0.81. The company has a 50-day moving average price of $124.23 and a 200-day moving average price of $119.56.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business posted $1.08 earnings per share. Fiserv’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.

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Several research analysts recently commented on FISV shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Cantor Fitzgerald boosted their target price on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Credit Suisse Group restated a “hold” rating and issued a $116.00 price target on shares of Fiserv in a research report on Friday, April 28th. Finally, Wedbush restated an “outperform” rating and issued a $146.25 price target (up previously from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $126.91.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $126.02, for a total value of $2,142,340.00. Following the transaction, the insider now directly owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is owned by insiders.

Fiserv Company Profile

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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