Kelly Lawrence W & Associates Inc. CA decreased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,967 shares of the business services provider’s stock after selling 890 shares during the quarter. Fiserv comprises about 3.2% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 14th biggest holding. Kelly Lawrence W & Associates Inc. CA owned approximately 0.05% of Fiserv worth $18,776,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FISV. Bremer Bank National Association purchased a new stake in shares of Fiserv in the first quarter valued at about $25,000. Advantage Investment Management LLC lifted its position in Fiserv by 126.4% in the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after buying an additional 187 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in Fiserv by 523.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after buying an additional 314 shares during the last quarter. Oakworth Capital Inc. acquired a new position in Fiserv in the second quarter valued at about $36,000. Finally, Glassman Wealth Services lifted its position in Fiserv by 76.9% in the first quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock valued at $41,000 after buying an additional 203 shares during the last quarter.

Shares of FISV traded down $1.18 during mid-day trading on Wednesday, hitting $103.64. 79,838 shares of the company’s stock were exchanged, compared to its average volume of 3,556,568. The company has a market cap of $40.32 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 2.27 and a beta of 0.79. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $109.92. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The stock’s 50-day moving average is $105.49 and its 200-day moving average is $92.88.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv Inc will post 3.83 EPS for the current year.

In related news, insider Guy Chiarello sold 46,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the sale, the insider now directly owns 372,447 shares in the company, valued at $40,112,541.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher M. Foskett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the sale, the executive vice president now owns 140,248 shares in the company, valued at $14,916,777.28. The disclosure for this sale can be found here. Insiders have sold 116,000 shares of company stock worth $12,121,250 over the last 90 days. Insiders own 1.40% of the company’s stock.

A number of research analysts have commented on the stock. SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating and upped their target price for the company from $91.00 to $100.00 in a research report on Wednesday, June 5th. They noted that the move was a valuation call. BidaskClub cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Atlantic Securities assumed coverage on shares of Fiserv in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 target price on the stock. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Raymond James assumed coverage on shares of Fiserv in a research report on Friday, June 21st. They issued an “outperform” rating and a $103.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $102.32.

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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