Northwestern Mutual Investment Management Company LLC raised its position in shares of Fiserv Inc (NASDAQ:FISV) by 46.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,738 shares of the business services provider’s stock after acquiring an additional 6,852 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Fiserv were worth $2,252,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FISV. Truewealth LLC lifted its stake in Fiserv by 70.5% during the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. Cordasco Financial Network bought a new stake in Fiserv during the third quarter worth $29,000. Advantage Investment Management LLC lifted its stake in Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in Fiserv during the third quarter worth $31,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares during the last quarter.

NASDAQ FISV traded up $1.97 on Thursday, reaching $113.30. The company had a trading volume of 182,040 shares, compared to its average volume of 3,240,896. The firm has a market cap of $43.33 billion, a price-to-earnings ratio of 36.55, a P/E/G ratio of 2.30 and a beta of 0.78. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $111.75. The business has a 50 day moving average of $105.15 and a two-hundred day moving average of $98.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. Fiserv’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. As a group, research analysts predict that Fiserv Inc will post 4 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on FISV shares. Canaccord Genuity started coverage on Fiserv in a research note on Thursday, September 12th. They set a “buy” rating and a $130.00 target price for the company. SunTrust Banks upped their target price on Fiserv from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Citigroup upgraded Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. ValuEngine cut Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer upped their price target on shares of Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Fiserv currently has an average rating of “Buy” and an average price target of $108.23.

In related news, EVP Christopher M. Foskett sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total value of $531,800.00. Following the completion of the sale, the executive vice president now directly owns 140,248 shares in the company, valued at $14,916,777.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Chiarello sold 46,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the sale, the insider now owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock valued at $13,422,250 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

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.

See Also: Retained Earnings

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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