Fiserv, Inc. (FISV) Stake Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,669 shares of the business services provider’s stock after selling 3,560 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Fiserv were worth $6,794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in shares of Fiserv by 156.2% in the 2nd quarter. Acadian Asset Management LLC now owns 2,839 shares of the business services provider’s stock worth $348,000 after purchasing an additional 1,731 shares during the period. Strs Ohio lifted its stake in shares of Fiserv by 5.0% in the 2nd quarter. Strs Ohio now owns 7,324 shares of the business services provider’s stock worth $896,000 after purchasing an additional 352 shares during the period. Rothschild Asset Management Inc. lifted its stake in shares of Fiserv by 9.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 4,206 shares of the business services provider’s stock worth $515,000 after purchasing an additional 364 shares during the period. Bessemer Group Inc. lifted its stake in shares of Fiserv by 62.7% in the 2nd quarter. Bessemer Group Inc. now owns 2,083 shares of the business services provider’s stock worth $255,000 after purchasing an additional 803 shares during the period. Finally, Tdam USA Inc. bought a new position in shares of Fiserv in the 2nd quarter worth approximately $201,000. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fiserv, Inc. (NASDAQ:FISV) opened at $131.72 on Friday. Fiserv, Inc. has a one year low of $104.36 and a one year high of $133.11. The company has a market cap of $27,440.00, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 2.23 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 (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts forecast that Fiserv, Inc. will post 5.08 earnings per share for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,124 shares of company stock valued at $5,316,303. Insiders own 1.80% of the company’s stock.

Several equities analysts have recently weighed in on FISV shares. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Robert W. Baird restated an “outperform” rating and set a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Cowen restated a “hold” rating and set a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $128.00 target price on shares of Fiserv in a research note on Wednesday, September 6th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $130.41.

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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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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