Fiserv, Inc. (FISV) Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Fiserv, Inc. (NASDAQ:FISV) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 561,338 shares of the business services provider’s stock after selling 57,163 shares during the period. JPMorgan Chase & Co. owned about 0.27% of Fiserv worth $71,969,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dupont Capital Management Corp boosted its holdings in Fiserv by 6.8% in the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after buying an additional 826 shares during the period. Great Lakes Advisors LLC boosted its holdings in Fiserv by 2.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after buying an additional 378 shares during the period. Tredje AP fonden boosted its holdings in Fiserv by 38.1% in the 2nd quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after buying an additional 19,050 shares during the period. Toronto Dominion Bank boosted its holdings in Fiserv by 10.9% in the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after buying an additional 7,944 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its stake in Fiserv by 755.0% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock worth $12,552,000 after purchasing an additional 90,600 shares in the last quarter. 88.62% of the stock is owned by institutional investors.

Several brokerages have commented on FISV. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. Robert W. Baird reiterated an “outperform” rating and issued a $146.00 price target (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. SunTrust Banks reiterated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $130.41.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the sale, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kim M. Robak sold 6,124 shares of the company’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 sale, the director now owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold a total of 42,124 shares of company stock worth $5,316,303 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Shares of Fiserv, Inc. (FISV) opened at $130.56 on Thursday. 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 stock has a market cap of $27,275.31, a PE ratio of 26.88, a PEG ratio of 2.24 and a beta of 0.82. Fiserv, Inc. has a 1 year low of $102.60 and a 1 year high of $133.11.

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

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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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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