Skandinaviska Enskilda Banken AB publ lowered its position in shares of Fiserv Inc (NASDAQ:FISV) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,438 shares of the business services provider’s stock after selling 3,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Fiserv were worth $5,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FISV. Massachusetts Financial Services Co. MA increased its stake in shares of Fiserv by 8.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock worth $1,738,335,000 after purchasing an additional 1,909,078 shares during the period. Voya Investment Management LLC increased its stake in shares of Fiserv by 31.8% during the second quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock worth $413,781,000 after purchasing an additional 1,346,387 shares during the period. Boston Advisors LLC bought a new position in shares of Fiserv during the second quarter worth approximately $27,528,000. Findlay Park Partners LLP increased its stake in shares of Fiserv by 27.1% during the second quarter. Findlay Park Partners LLP now owns 1,525,000 shares of the business services provider’s stock worth $112,987,000 after purchasing an additional 325,000 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Fiserv by 97.6% during the first quarter. Principal Financial Group Inc. now owns 648,012 shares of the business services provider’s stock worth $46,210,000 after purchasing an additional 320,056 shares during the period. Institutional investors own 88.68% of the company’s stock.

A number of equities analysts have recently weighed in on FISV shares. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Credit Suisse Group raised their price objective on Fiserv from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, October 15th. Robert W. Baird raised their price objective on Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, September 24th. SunTrust Banks raised their price objective on Fiserv to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, Argus set a $90.00 price objective on Fiserv and gave the stock a “buy” rating in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Fiserv has a consensus rating of “Hold” and an average price target of $78.82.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $78.64, for a total value of $3,932,000.00. Following the sale, the insider now owns 467,380 shares of the company’s stock, valued at approximately $36,754,763.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 150,000 shares of company stock worth $11,864,000. Company insiders own 1.70% of the company’s stock.

Fiserv stock opened at $78.59 on Tuesday. Fiserv Inc has a one year low of $62.76 and a one year high of $82.79. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $31.97 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.23 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business earned $1.27 EPS. Fiserv’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

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About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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