Private Advisor Group LLC Increases Stake in Fiserv Inc (FISV)

Private Advisor Group LLC grew its position in Fiserv Inc (NASDAQ:FISV) by 31.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,199 shares of the business services provider’s stock after acquiring an additional 8,493 shares during the period. Private Advisor Group LLC’s holdings in Fiserv were worth $2,900,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in FISV. BlackRock Inc. raised its position in Fiserv by 0.4% during the 2nd quarter. BlackRock Inc. now owns 30,363,909 shares of the business services provider’s stock worth $2,249,662,000 after purchasing an additional 114,847 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Fiserv by 8.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock worth $1,738,335,000 after purchasing an additional 1,909,078 shares during the last quarter. Voya Investment Management LLC raised its position in Fiserv by 31.8% during the 2nd quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock worth $413,781,000 after purchasing an additional 1,346,387 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Fiserv by 0.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,514,021 shares of the business services provider’s stock worth $186,264,000 after purchasing an additional 22,659 shares during the last quarter. Finally, Swiss National Bank raised its position in Fiserv by 1.4% during the 2nd quarter. Swiss National Bank now owns 2,328,444 shares of the business services provider’s stock worth $172,514,000 after purchasing an additional 31,500 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

FISV stock opened at $80.24 on Friday. Fiserv Inc has a 1-year low of $62.76 and a 1-year high of $82.79. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $31.56 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.27 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Analysts expect that Fiserv Inc will post 3.13 earnings per share for the current year.

Several research analysts recently issued reports on FISV shares. SunTrust Banks raised their target price on Fiserv to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Friday, August 3rd. Argus set a $90.00 target price on Fiserv and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Finally, Deutsche Bank raised their target price on Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Fiserv presently has an average rating of “Hold” and a consensus target price of $78.82.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total value of $3,986,000.00. Following the completion of the transaction, the insider now directly owns 418,380 shares of the company’s stock, valued at approximately $33,353,253.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 150,000 shares of company stock valued at $11,864,000. Corporate insiders own 1.80% of the company’s stock.

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About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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