KCS Wealth Advisory bought a new stake in shares of Fiserv Inc (NASDAQ:FISV) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,190 shares of the business services provider’s stock, valued at approximately $287,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Toronto Dominion Bank increased its stake in shares of Fiserv by 10.9% in the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock valued at $10,400,000 after acquiring an additional 7,944 shares during the last quarter. Huntington National Bank increased its stake in shares of Fiserv by 3.1% in the 3rd quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock valued at $28,259,000 after acquiring an additional 6,646 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at about $1,290,000. Atlanta Capital Management Co. L L C increased its stake in shares of Fiserv by 2.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 390,692 shares of the business services provider’s stock valued at $47,798,000 after acquiring an additional 8,832 shares during the last quarter. Finally, Westpac Banking Corp increased its stake in shares of Fiserv by 323.3% in the 3rd quarter. Westpac Banking Corp now owns 58,407 shares of the business services provider’s stock valued at $7,532,000 after acquiring an additional 44,609 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.

A number of analysts have recently commented on FISV shares. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Robert W. Baird reaffirmed an “outperform” rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Cowen reaffirmed a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday, October 12th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and a consensus target price of $132.78.

In related news, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the sale, the insider now directly owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,439 shares of company stock valued at $6,412,063. 1.80% of the stock is owned by company insiders.

Shares of Fiserv Inc (NASDAQ:FISV) opened at $137.22 on Friday. Fiserv Inc has a 52 week low of $104.51 and a 52 week high of $138.07. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $28,596.51, a P/E ratio of 28.18, a P/E/G ratio of 2.08 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last posted its 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). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $1.14 earnings per share. Fiserv’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts anticipate that Fiserv Inc will post 5.08 earnings per share for the current year.

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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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