First Business Financial Services Inc. Has $9.93 Million Stock Position in Fiserv Inc (NASDAQ:FISV)

First Business Financial Services Inc. lessened its position in shares of Fiserv Inc (NASDAQ:FISV) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,868 shares of the business services provider’s stock after selling 5,284 shares during the period. Fiserv makes up about 1.7% of First Business Financial Services Inc.’s portfolio, making the stock its 10th largest holding. First Business Financial Services Inc.’s holdings in Fiserv were worth $9,931,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Fiserv by 8.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after acquiring an additional 3,933,642 shares during the period. Vanguard Group Inc. increased its position in Fiserv by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock valued at $3,909,440,000 after acquiring an additional 322,980 shares during the period. BlackRock Inc. increased its position in Fiserv by 2.8% in the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after acquiring an additional 883,535 shares during the period. JPMorgan Chase & Co. increased its position in Fiserv by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,508,566 shares of the business services provider’s stock valued at $682,004,000 after acquiring an additional 758,149 shares during the period. Finally, Invesco Ltd. increased its position in Fiserv by 3.2% in the 2nd quarter. Invesco Ltd. now owns 5,022,526 shares of the business services provider’s stock valued at $457,854,000 after acquiring an additional 157,635 shares during the period.

Several equities research analysts have recently weighed in on FISV shares. SunTrust Banks increased their price objective on shares of Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wedbush increased their price objective on shares of Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Argus reiterated a “buy” rating on shares of Fiserv in a research report on Monday, August 12th. JPMorgan Chase & Co. started coverage on shares of Fiserv in a research report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective for the company. Finally, Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Fiserv has an average rating of “Buy” and an average price target of $107.85.

NASDAQ FISV traded up $0.96 on Friday, hitting $110.61. 4,201,000 shares of the company were exchanged, compared to its average volume of 4,555,937. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $111.46. The stock has a fifty day moving average of $104.63 and a 200-day moving average of $97.58. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The company has a market cap of $40.87 billion, a PE ratio of 35.68, a PEG ratio of 2.15 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts expect that Fiserv Inc will post 4.03 earnings per share for the current year.

In related news, insider Guy Chiarello sold 46,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the completion of the sale, the insider now owns 372,447 shares in the company, valued at $40,112,541.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total transaction of $2,658,250.00. Following the sale, the chief executive officer now owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The disclosure for this sale can be found here. Insiders have sold 126,000 shares of company stock valued at $13,422,250 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

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; Internet and 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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