Boston Private Wealth LLC grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 3.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,580 shares of the business services provider’s stock after buying an additional 239 shares during the period. Boston Private Wealth LLC’s holdings in Fiserv were worth $682,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ETF Managers Group LLC raised its position in shares of Fiserv by 44.3% during the second quarter. ETF Managers Group LLC now owns 345,087 shares of the business services provider’s stock valued at $31,344,000 after buying an additional 105,957 shares during the last quarter. Close Asset Management Ltd raised its position in shares of Fiserv by 3.6% during the second quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock valued at $100,972,000 after buying an additional 38,799 shares during the last quarter. First Hawaiian Bank increased its stake in Fiserv by 556.0% in the second quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 2,880 shares during the period. Commonwealth Equity Services LLC increased its stake in Fiserv by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock valued at $4,018,000 after acquiring an additional 1,539 shares during the period. Finally, Hartford Investment Management Co. increased its stake in Fiserv by 0.7% in the second quarter. Hartford Investment Management Co. now owns 43,219 shares of the business services provider’s stock valued at $3,940,000 after acquiring an additional 302 shares during the period.

In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the company’s 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 directly owns 271,229 shares in the company, valued at $28,118,310.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Guy Chiarello sold 46,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the transaction, the insider now owns 372,447 shares in the company, valued at $40,112,541.90. The disclosure for this sale can be found here. Insiders have sold 126,000 shares of company stock worth $13,422,250 over the last quarter. 1.40% of the stock is owned by company insiders.

Several analysts have weighed in on the stock. Atlantic Securities assumed coverage on shares of Fiserv in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price objective on the stock. ValuEngine cut shares of Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Berenberg Bank assumed coverage on shares of Fiserv in a research note on Wednesday, July 31st. They set a “buy” rating and a $121.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity assumed coverage on shares of Fiserv in a research note on Thursday, September 12th. They set a “buy” rating and a $130.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have issued a buy rating to the company. Fiserv has an average rating of “Buy” and a consensus price target of $107.63.

Shares of FISV stock opened at $110.61 on Friday. Fiserv Inc has a 1 year low of $68.45 and a 1 year high of $111.46. The firm’s 50 day moving average is $104.63 and its 200-day moving average is $97.58. The firm has a market capitalization of $40.87 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.15 and a beta of 0.78. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that Fiserv Inc will post 4.03 earnings per share for the current fiscal year.

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.

Further Reading: Basic Economics

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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