Fiserv, Inc. (FISV) Stake Lessened by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,387 shares of the business services provider’s stock after selling 1,311 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Fiserv were worth $10,625,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in Fiserv by 267.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after buying an additional 1,360,102 shares in the last quarter. Voya Investment Management LLC lifted its stake in Fiserv by 116.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after buying an additional 896,418 shares in the last quarter. BlackRock Inc. lifted its stake in Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after buying an additional 528,274 shares in the last quarter. Vanguard Group Inc. lifted its stake in Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after buying an additional 518,262 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Fiserv by 232.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after buying an additional 314,674 shares in the last quarter. 89.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Fiserv, Inc. (FISV) opened at $128.39 on Friday. The stock has a market cap of $26,756.35, a P/E ratio of 26.36, a PEG ratio of 2.20 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a 1-year low of $102.51 and a 1-year high of $130.20.

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

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In other news, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction that occurred on 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 owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the sale, the insider now owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock valued at $7,133,943 in the last 90 days. Insiders own 1.80% of the company’s stock.

A number of research analysts recently weighed in on FISV shares. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Credit Suisse Group raised their price target on shares of Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets raised their price target on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research note on Tuesday, August 1st. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv has an average rating of “Hold” and an average price target of $130.41.

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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