Arcadia Investment Management Corp MI continued to hold its position in shares of Fiserv, Inc. (NASDAQ:FISV) during the second quarter, Holdings Channel reports. The institutional investor owned 2,400 shares of the business services provider’s stock at the end of the second quarter. Arcadia Investment Management Corp MI’s holdings in Fiserv were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FISV. BlackRock Inc. raised its position in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Fiserv by 36.8% in the second quarter. Pictet Asset Management Ltd. now owns 1,105,510 shares of the business services provider’s stock valued at $138,498,000 after buying an additional 297,400 shares during the period. JPMorgan Chase & Co. raised its position in shares of Fiserv by 152.1% in the first quarter. JPMorgan Chase & Co. now owns 459,649 shares of the business services provider’s stock valued at $53,001,000 after buying an additional 277,357 shares during the period. Vanguard Group Inc. raised its position in shares of Fiserv by 1.2% in the first quarter. Vanguard Group Inc. now owns 20,783,290 shares of the business services provider’s stock valued at $2,396,522,000 after buying an additional 255,329 shares during the period. Finally, WINTON GROUP Ltd raised its position in shares of Fiserv by 282.4% in the first quarter. WINTON GROUP Ltd now owns 345,463 shares of the business services provider’s stock valued at $34,363,000 after buying an additional 255,125 shares during the period. Institutional investors own 88.03% of the company’s stock.

Fiserv, Inc. (NASDAQ FISV) opened at 124.70 on Wednesday. The company has a market capitalization of $26.24 billion, a P/E ratio of 30.53 and a beta of 0.81. The stock’s 50 day moving average is $124.29 and its 200 day moving average is $119.42. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $129.35.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current year.

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Several research analysts recently issued reports on FISV shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $123.00 target price on shares of Fiserv in a research report on Friday, April 28th. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group reissued a “hold” rating and issued a $116.00 price target on shares of Fiserv in a research note on Friday, April 28th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $126.91.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv 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 completion of the sale, the insider now owns 303,151 shares in the company, valued at approximately $37,912,064.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 51,000 shares of company stock valued at $6,339,810 in the last quarter. 1.80% of the stock is currently owned by company insiders.

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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