SeaTown Holdings Pte. Ltd. increased its stake in Fiserv Inc (NASDAQ:FISV) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,421 shares of the business services provider’s stock after purchasing an additional 19,421 shares during the period. Fiserv accounts for 6.3% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 3rd largest holding. SeaTown Holdings Pte. Ltd. owned about 0.10% of Fiserv worth $34,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Bremer Bank National Association acquired a new position in Fiserv in the 1st quarter worth $25,000. Advantage Investment Management LLC raised its holdings in Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 187 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Fiserv by 523.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 314 shares during the period. Parkside Financial Bank & Trust raised its holdings in Fiserv by 74.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 198 shares during the period. Finally, Glassman Wealth Services increased its holdings in shares of Fiserv by 76.9% during the first quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock worth $41,000 after purchasing an additional 203 shares during the period. Institutional investors own 87.39% of the company’s stock.

Shares of NASDAQ FISV traded up $1.20 during mid-day trading on Tuesday, reaching $105.41. 251,539 shares of the company’s stock traded hands, compared to its average volume of 8,150,094. The company has a market capitalization of $41.12 billion, a PE ratio of 33.95, a P/E/G ratio of 2.33 and a beta of 0.80. The business has a 50-day moving average of $97.41. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $107.06. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Fiserv Inc will post 3.76 EPS for the current year.

Several analysts recently issued reports on FISV shares. Moffett Nathanson started coverage on shares of Fiserv in a research report on Tuesday, May 21st. They set a “buy” rating and a $108.00 price target on the stock. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research note on Friday, July 26th. Susquehanna Bancshares began coverage on shares of Fiserv in a research note on Friday, May 31st. They set a “neutral” rating and a $95.00 target price for the company. Northcoast Research raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 target price for the company in a research note on Wednesday, June 26th. Finally, BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus target price of $97.75.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total value of $177,900.00. Following the transaction, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.20, for a total transaction of $2,064,000.00. Following the completion of the transaction, the chairman now owns 330,629 shares in the company, valued at $34,120,912.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,000 shares of company stock worth $7,621,300. 1.40% of the stock is owned by corporate insiders.

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.

Recommended Story: What is a Buy-Side Analyst?

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.