Allen Investment Management LLC decreased its position in Fiserv, Inc. (NASDAQ:FISV) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,687 shares of the business services provider’s stock after selling 12,888 shares during the period. Fiserv makes up approximately 1.6% of Allen Investment Management LLC’s investment portfolio, making the stock its 23rd largest position. Allen Investment Management LLC owned 0.12% of Fiserv worth $32,504,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of Fiserv by 37,915.4% in the first quarter. Canada Pension Plan Investment Board now owns 9,884 shares of the business services provider’s stock worth $1,140,000 after buying an additional 9,858 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Fiserv by 5.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 17,783 shares of the business services provider’s stock worth $2,050,000 after buying an additional 974 shares during the last quarter. Dowling & Yahnke LLC increased its position in shares of Fiserv by 2.3% in the first quarter. Dowling & Yahnke LLC now owns 8,746 shares of the business services provider’s stock worth $1,009,000 after buying an additional 200 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its position in shares of Fiserv by 23.9% in the first quarter. Reynders McVeigh Capital Management LLC now owns 38,031 shares of the business services provider’s stock worth $4,385,000 after buying an additional 7,338 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock worth $44,026,000 after buying an additional 232,364 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Shares of Fiserv, Inc. (FISV) opened at 122.83 on Tuesday. The company has a 50 day moving average of $124.15 and a 200 day moving average of $120.11. The firm has a market capitalization of $25.85 billion, a PE ratio of 30.07 and a beta of 0.81. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.

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

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A number of brokerages have commented on FISV. Royal Bank Of Canada upped their price objective on shares of Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and issued a $123.00 price target (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. BMO Capital Markets increased their price target on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $146.25 price target (up previously from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” 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 that occurred on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total value 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 link. In the last three months, insiders sold 51,000 shares of company stock worth $6,342,700. 1.80% of the stock is owned by insiders.

Fiserv Company Profile

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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