Stifel Financial Corp trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 101,444 shares of the business services provider’s stock after selling 3,121 shares during the quarter. Stifel Financial Corp’s holdings in Fiserv were worth $13,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Fiserv in the 2nd quarter worth approximately $122,000. Sun Life Financial INC lifted its holdings in shares of Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the last quarter. Paragon Capital Management Ltd bought a new stake in shares of Fiserv in the 3rd quarter worth approximately $206,000. Finally, Pegasus Partners Ltd. bought a new stake in shares of Fiserv in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Shares of Fiserv, Inc. (FISV) opened at $131.72 on Friday. Fiserv, Inc. has a 1-year low of $104.36 and a 1-year high of $133.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The company has a market cap of $27,440.00, a price-to-earnings ratio of 26.81, a P/E/G ratio of 2.23 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts anticipate that Fiserv, Inc. will post 5.08 earnings per share for the current fiscal year.

In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the transaction, the insider now owns 330,835 shares of the company’s stock, valued at $41,533,025.90. The disclosure for this sale can be found here. Insiders sold a total of 42,124 shares of company stock valued at $5,316,303 over the last 90 days. Company insiders own 1.80% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Royal Bank Of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a report on Wednesday, September 6th. Robert W. Baird reiterated an “outperform” rating and set a $146.00 price target (up from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. SunTrust Banks reiterated a “hold” rating and set a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $130.41.

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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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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