Homrich & Berg trimmed its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 8.7% in the first quarter, HoldingsChannel reports. The firm owned 5,998 shares of the business services provider’s stock after selling 574 shares during the period. Homrich & Berg’s holdings in Fiserv were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FISV. Daiwa Securities Group Inc. lifted its holdings in Fiserv by 1.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock valued at $1,155,000 after acquiring an additional 150 shares during the period. WINTON GROUP Ltd increased its position in shares of Fiserv by 52.9% in the fourth quarter. WINTON GROUP Ltd now owns 23,739 shares of the business services provider’s stock valued at $1,745,000 after buying an additional 8,212 shares in the last quarter. First Business Financial Services Inc. purchased a new position in shares of Fiserv in the fourth quarter valued at $7,766,000. Mackenzie Financial Corp increased its position in shares of Fiserv by 78.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock valued at $212,489,000 after buying an additional 1,271,171 shares in the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $530,000. 87.39% of the stock is owned by hedge funds and other institutional investors.

Fiserv stock opened at $89.20 on Friday. The stock has a market cap of $35.01 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.15 and a beta of 0.78. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $91.38. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. As a group, sell-side analysts forecast that Fiserv Inc will post 3.45 earnings per share for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $83.96, for a total value of $4,198,000.00. Following the sale, the insider now directly owns 436,141 shares of the company’s stock, valued at approximately $36,618,398.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the sale, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,000 shares of company stock valued at $7,789,900. 1.40% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on FISV shares. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods started coverage on Fiserv in a research report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price target for the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Deutsche Bank raised their price target on Fiserv from $71.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, William Blair restated an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Buy” and an average target price of $91.45.

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Fiserv Company 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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