Gofen & Glossberg LLC IL cut its position in Fiserv, Inc. (NASDAQ:FISV) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,993 shares of the business services provider’s stock after selling 650 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Fiserv were worth $11,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dupont Capital Management Corp raised its position in shares of Fiserv by 6.8% during the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock valued at $1,586,000 after buying an additional 826 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Fiserv by 2.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock valued at $2,108,000 after purchasing an additional 378 shares during the last quarter. Tredje AP fonden grew its holdings in shares of Fiserv by 38.1% during the 2nd quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock valued at $8,446,000 after purchasing an additional 19,050 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Fiserv by 10.9% during the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock valued at $10,400,000 after purchasing an additional 7,944 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. grew its holdings in shares of Fiserv by 755.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock valued at $12,552,000 after purchasing an additional 90,600 shares during the last quarter. Institutional investors and hedge funds own 88.62% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 target price (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $128.00 target price on shares of Fiserv in a report on Sunday, October 8th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $130.41.

Shares of Fiserv, Inc. (FISV) opened at $130.81 on Thursday. The stock has a market cap of $27,342.00, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. Fiserv, Inc. has a twelve month low of $104.51 and a twelve month high of $133.11. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01.

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

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the sale, the insider now owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. In the last three months, insiders sold 45,563 shares of company stock worth $5,768,566. Insiders own 1.80% of the company’s stock.

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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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