Fiserv Inc (FISV) Holdings Trimmed by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lessened its position in shares of Fiserv Inc (NASDAQ:FISV) by 2.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 35,955 shares of the business services provider’s stock after selling 751 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Fiserv were worth $4,636,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FISV. Strs Ohio boosted its holdings in shares of Fiserv by 5.0% during the 2nd quarter. Strs Ohio now owns 7,324 shares of the business services provider’s stock worth $896,000 after buying an additional 352 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Fiserv by 62.7% during the 2nd quarter. Bessemer Group Inc. now owns 2,083 shares of the business services provider’s stock worth $255,000 after buying an additional 803 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Fiserv by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 714,083 shares of the business services provider’s stock worth $87,361,000 after buying an additional 31,845 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in shares of 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 buying an additional 826 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Fiserv by 18.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 223,450 shares of the business services provider’s stock worth $27,337,000 after buying an additional 34,338 shares in the last quarter. 88.62% of the stock is owned by institutional investors and hedge funds.

In related news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,563 shares of company stock worth $5,768,566. 1.80% of the stock is owned by company insiders.

Fiserv Inc (NASDAQ:FISV) opened at $131.96 on Friday. Fiserv Inc has a twelve month low of $104.51 and a twelve month high of $133.11. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $27,260.72, a price-to-earnings ratio of 26.86, a P/E/G ratio of 2.24 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its earnings results 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 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 the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $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.

FISV has been the topic of a number of research analyst reports. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $128.00 price target on shares of Fiserv in a report on Sunday, October 8th. Cowen restated a “hold” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Finally, BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $130.41.

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About Fiserv

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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