Pennsylvania Trust Co raised its position in shares of Fiserv Inc (NASDAQ:FISV) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,495 shares of the business services provider’s stock after purchasing an additional 8,137 shares during the quarter. Pennsylvania Trust Co’s holdings in Fiserv were worth $13,414,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Advisor Partners LLC grew its stake in shares of Fiserv by 1.0% in the second quarter. Advisor Partners LLC now owns 11,526 shares of the business services provider’s stock worth $1,051,000 after acquiring an additional 112 shares during the period. First Allied Advisory Services Inc. grew its stake in shares of Fiserv by 5.0% in the second quarter. First Allied Advisory Services Inc. now owns 2,609 shares of the business services provider’s stock worth $238,000 after acquiring an additional 125 shares during the period. Tortoise Index Solutions LLC grew its stake in shares of Fiserv by 6.7% in the second quarter. Tortoise Index Solutions LLC now owns 2,243 shares of the business services provider’s stock worth $204,000 after acquiring an additional 141 shares during the period. Advisory Services Network LLC grew its stake in shares of Fiserv by 0.9% in the second quarter. Advisory Services Network LLC now owns 17,799 shares of the business services provider’s stock worth $1,623,000 after acquiring an additional 154 shares during the period. Finally, Cox Capital Mgt LLC grew its stake in shares of Fiserv by 0.9% in the third quarter. Cox Capital Mgt LLC now owns 19,009 shares of the business services provider’s stock worth $1,969,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

Shares of FISV traded up $1.59 on Wednesday, reaching $104.70. The company’s stock had a trading volume of 1,968,816 shares, compared to its average volume of 4,717,394. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97. The stock has a market capitalization of $41.54 billion, a P/E ratio of 33.77, a PEG ratio of 2.30 and a beta of 0.79. The stock’s 50 day simple moving average is $105.13 and its two-hundred day simple moving average is $94.81. Fiserv Inc has a 12-month low of $68.45 and a 12-month high of $109.92.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts expect that Fiserv Inc will post 3.83 earnings per share for the current year.

In other Fiserv news, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $103.67, for a total transaction of $2,591,750.00. Following the transaction, the chief executive officer now owns 271,229 shares of the company’s stock, valued at $28,118,310.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $94.25, for a total transaction of $1,885,000.00. Following the transaction, the insider now directly owns 331,429 shares in the company, valued at approximately $31,237,183.25. The disclosure for this sale can be found here. Insiders have sold 141,000 shares of company stock worth $14,713,000 in the last ninety days. Insiders own 1.40% of the company’s stock.

FISV has been the subject of a number of research analyst reports. Argus reiterated a “buy” rating on shares of Fiserv in a research note on Monday, August 12th. Berenberg Bank initiated coverage on shares of Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price target for the company. Robert W. Baird lifted their price target on shares of Fiserv from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Co initiated coverage on shares of Fiserv in a research note on Wednesday, June 19th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Citigroup upgraded shares of Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have assigned a buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus price target of $102.88.

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; 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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