California State Teachers Retirement System trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,176 shares of the business services provider’s stock after selling 51,229 shares during the quarter. California State Teachers Retirement System owned about 0.19% of Fiserv worth $47,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after acquiring an additional 518,262 shares in the last quarter. BlackRock Inc. increased its stake in shares of Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after acquiring an additional 528,274 shares in the last quarter. FMR LLC increased its stake in shares of Fiserv by 0.7% in the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after acquiring an additional 47,797 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Fiserv by 7.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock worth $431,555,000 after acquiring an additional 232,005 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Fiserv by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 2,374,758 shares of the business services provider’s stock worth $273,485,000 after acquiring an additional 109,251 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Several research analysts recently issued reports on the stock. Cowen and Company reiterated a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC reiterated an “equal weight” rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $146.00 price objective (up from $136.00) on shares of Fiserv in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $127.77.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now owns 269,151 shares in the company, valued at $32,841,805.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,124 shares of company stock worth $7,113,543. Corporate insiders own 1.80% of the company’s stock.

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Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $1.08 EPS. The business’s revenue was up 1.7% compared to the same quarter last year.

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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