Thompson Investment Management Inc. grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 3.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,115 shares of the business services provider’s stock after acquiring an additional 235 shares during the period. Thompson Investment Management Inc.’s holdings in Fiserv were worth $716,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kaizen Advisory LLC lifted its stake in Fiserv by 13.7% in the 4th quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after purchasing an additional 135 shares in the last quarter. Tandem Investment Advisors Inc. lifted its stake in Fiserv by 3.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after purchasing an additional 141 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after purchasing an additional 146 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Fiserv by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after purchasing an additional 150 shares in the last quarter. Finally, Sandy Spring Bank lifted its stake in Fiserv by 5.8% in the 4th quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after purchasing an additional 150 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Fiserv in a research note on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Deutsche Bank raised their price objective on shares of Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday. SunTrust Banks restated a “hold” rating and set a $85.21 price objective on shares of Fiserv in a research report on Tuesday, January 29th. Finally, Wedbush raised their price objective on shares of Fiserv from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.57.

In related news, Director Kim M. Robak sold 10,904 shares of Fiserv stock in a transaction on Friday, March 15th. The shares were sold at an average price of $87.01, for a total value of $948,757.04. Following the transaction, the director now owns 85,610 shares in the company, valued at approximately $7,448,926.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total transaction of $4,198,000.00. Following the completion of the transaction, the insider now owns 436,141 shares in the company, valued at approximately $36,618,398.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,912 shares of company stock worth $13,389,571. 1.70% of the stock is owned by corporate insiders.

Shares of NASDAQ:FISV opened at $86.13 on Thursday. The firm has a market capitalization of $33.93 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. Fiserv Inc has a 52 week low of $68.43 and a 52 week high of $91.19. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11.

Fiserv (NASDAQ:FISV) last issued its earnings results on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, hitting analysts’ consensus estimates of $0.84. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. As a group, equities analysts forecast that Fiserv Inc will post 3.46 earnings per share for the current fiscal year.

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Fiserv Profile

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; Internet and 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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