Fiserv Inc (FISV) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC grew its stake in Fiserv Inc (NASDAQ:FISV) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,956 shares of the business services provider’s stock after buying an additional 806 shares during the period. Sterling Capital Management LLC’s holdings in Fiserv were worth $2,058,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dupont Capital Management Corp boosted its stake in Fiserv by 6.8% during the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after purchasing an additional 826 shares during the period. Great Lakes Advisors LLC boosted its stake in Fiserv by 2.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after purchasing an additional 378 shares during the period. Tredje AP fonden boosted its stake in Fiserv by 38.1% during the 2nd quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after purchasing an additional 19,050 shares during the period. Toronto Dominion Bank boosted its stake in Fiserv by 10.9% during the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares during the period. Finally, Huntington National Bank boosted its stake in Fiserv by 3.1% during the 3rd quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock worth $28,259,000 after purchasing an additional 6,646 shares during the period. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Shares of Fiserv Inc (NASDAQ:FISV) opened at $131.96 on Monday. Fiserv Inc has a 52 week low of $104.51 and a 52 week high of $133.11. The company has a market cap of $27,500.00, a price-to-earnings ratio of 27.10, a PEG ratio of 2.26 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. equities research analysts expect that Fiserv Inc will post 5.08 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on FISV. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Robert W. Baird reiterated an “outperform” rating and set a $146.00 price target (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fiserv currently has an average rating of “Hold” and an average price target of $130.41.

In other news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the transaction, the insider now owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The disclosure for this sale can be found here. Insiders sold a total of 39,439 shares of company stock valued at $5,005,883 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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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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