Fiserv, Inc. (FISV) Stake Held by Tesco Pension Investment Ltd

Tesco Pension Investment Ltd held its stake in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 766,216 shares of the business services provider’s stock at the end of the second quarter. Fiserv accounts for 2.8% of Tesco Pension Investment Ltd’s investment portfolio, making the stock its 17th largest position. Tesco Pension Investment Ltd owned about 0.36% of Fiserv worth $93,739,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Gulf International Bank UK Ltd raised its stake in shares of Fiserv by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 68,856 shares of the business services provider’s stock worth $7,939,000 after buying an additional 750 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Fiserv by 72.2% in the first quarter. Fulton Bank N.A. now owns 3,643 shares of the business services provider’s stock worth $421,000 after buying an additional 1,528 shares during the last quarter. Rathbone Brothers plc purchased a new stake in shares of Fiserv during the first quarter worth $202,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Fiserv by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 186,058 shares of the business services provider’s stock worth $21,455,000 after buying an additional 3,879 shares during the last quarter. Finally, Bridges Investment Counsel Inc. raised its stake in shares of Fiserv by 33.6% in the first quarter. Bridges Investment Counsel Inc. now owns 15,400 shares of the business services provider’s stock worth $1,776,000 after buying an additional 3,875 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

Fiserv, Inc. (NASDAQ FISV) traded down 0.60% on Friday, reaching $120.36. 929,030 shares of the company’s stock were exchanged. Fiserv, Inc. has a 1-year low of $92.81 and a 1-year high of $129.35. The firm has a market capitalization of $25.33 billion, a price-to-earnings ratio of 29.46 and a beta of 0.81. The stock’s 50 day moving average price is $124.23 and its 200 day moving average price is $119.56.

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

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Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Credit Suisse Group reiterated a “hold” rating and set a $116.00 price target on shares of Fiserv in a research note on Friday, April 28th. Barclays PLC reiterated an “equal weight” rating and set a $123.00 price target (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Cantor Fitzgerald reiterated a “hold” rating and set a $118.00 price target on shares of Fiserv in a research note on Tuesday, June 20th. Finally, BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $126.91.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the sale, the insider now directly owns 323,776 shares of the company’s stock, valued at $39,452,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 51,000 shares of company stock worth $6,339,810 over the last three months. 1.80% of the stock is owned by corporate insiders.

About Fiserv

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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