Metropolitan Life Insurance Co. NY cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,783 shares of the business services provider’s stock after selling 2,745 shares during the period. Metropolitan Life Insurance Co. NY owned 0.05% of Fiserv worth $13,236,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Savant Capital LLC boosted its position in Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock worth $247,000 after buying an additional 10 shares during the period. Ropes Wealth Advisors LLC boosted its stake in shares of Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock worth $418,000 after buying an additional 13 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its position in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares during the period. Peoples Bank OH increased its position in Fiserv by 0.8% in the first quarter. Peoples Bank OH now owns 6,170 shares of the business services provider’s stock worth $711,000 after buying an additional 50 shares during the period. Finally, Fishman Jay A Ltd. MI increased its position in Fiserv by 3.3% in the first quarter. Fishman Jay A Ltd. MI now owns 2,090 shares of the business services provider’s stock worth $241,000 after buying an additional 66 shares during the period. Institutional investors own 87.72% of the company’s stock.

Shares of Fiserv, Inc. (NASDAQ:FISV) remained flat at $123.97 during trading on Thursday. 1,125,870 shares of the stock traded hands. The firm has a market cap of $26.33 billion, a PE ratio of 30.92 and a beta of 0.81. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35. The stock’s 50 day moving average price is $124.64 and its 200 day moving average price is $118.43.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a return on equity of 41.29% and a net margin of 16.04%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $1.08 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, analysts forecast that Fiserv, Inc. will post $5.11 EPS for the current fiscal year.

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A number of research firms recently commented on FISV. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Credit Suisse Group reissued a “hold” rating and set a $116.00 target price on shares of Fiserv in a research note on Friday, April 28th. Barclays PLC reissued an “equal weight” rating and set a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research note on Wednesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $118.00 price objective on shares of Fiserv in a research note on Tuesday, June 20th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $146.25 price objective (up previously from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Eleven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $124.36.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the sale, the insider now owns 303,151 shares of the company’s stock, valued at approximately $37,912,064.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 51,000 shares of company stock worth $6,339,810. Insiders own 1.90% of the company’s stock.

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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