Advisor Group Inc. Raises Position in Fiserv, Inc. (FISV)

Advisor Group Inc. increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,473 shares of the business services provider’s stock after purchasing an additional 411 shares during the quarter. Advisor Group Inc.’s holdings in Fiserv were worth $835,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. NN Investment Partners Holdings N.V. boosted its stake in shares of Fiserv by 258.1% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 4,910 shares of the business services provider’s stock worth $601,000 after acquiring an additional 3,539 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Fiserv by 14.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,329 shares of the business services provider’s stock worth $284,000 after acquiring an additional 300 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Fiserv by 6.5% during the 2nd quarter. CENTRAL TRUST Co now owns 3,217 shares of the business services provider’s stock worth $393,000 after acquiring an additional 196 shares during the last quarter. Legacy Private Trust Co. boosted its stake in shares of Fiserv by 1.1% during the 2nd quarter. Legacy Private Trust Co. now owns 114,924 shares of the business services provider’s stock worth $14,060,000 after acquiring an additional 1,254 shares during the last quarter. Finally, BTIM Corp. raised its position in shares of Fiserv by 1.2% during the 2nd quarter. BTIM Corp. now owns 15,120 shares of the business services provider’s stock valued at $1,850,000 after purchasing an additional 175 shares during the period. Institutional investors own 88.85% of the company’s stock.

Several analysts have recently commented on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $130.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank Of Canada raised their price objective on shares of Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC restated an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fiserv has a consensus rating of “Hold” and a consensus target price of $130.41.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the completion of the sale, the insider now directly owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,124 shares of company stock valued at $5,059,603. 1.80% of the stock is owned by corporate insiders.

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Fiserv, Inc. (NASDAQ:FISV) opened at $128.27 on Wednesday. Fiserv, Inc. has a 52 week low of $102.60 and a 52 week high of $130.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The company has a market cap of $26,741.81, a PE ratio of 26.35, a P/E/G ratio of 2.20 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm posted $1.14 earnings per share. Fiserv’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts predict that Fiserv, Inc. will post 5.08 earnings per share for the current year.

Fiserv 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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