First National Advisers LLC Makes New $614,000 Investment in Fiserv, Inc. (NASDAQ:FISV)

First National Advisers LLC acquired a new position in Fiserv, Inc. (NASDAQ:FISVGet Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,561 shares of the business services provider’s stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FISV. Price T Rowe Associates Inc. MD raised its stake in Fiserv by 7.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 46,900,333 shares of the business services provider’s stock worth $4,172,723,000 after purchasing an additional 3,333,116 shares in the last quarter. ValueAct Holdings L.P. raised its position in shares of Fiserv by 12.4% in the 2nd quarter. ValueAct Holdings L.P. now owns 14,647,776 shares of the business services provider’s stock valued at $1,303,213,000 after buying an additional 1,612,575 shares in the last quarter. Sixth Street Partners Management Company L.P. acquired a new position in shares of Fiserv in the 2nd quarter valued at approximately $88,970,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Fiserv by 518.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,123,613 shares of the business services provider’s stock valued at $113,934,000 after buying an additional 941,832 shares in the last quarter. Finally, Baupost Group LLC MA raised its position in shares of Fiserv by 30.8% in the 1st quarter. Baupost Group LLC MA now owns 3,988,391 shares of the business services provider’s stock valued at $404,423,000 after buying an additional 938,391 shares in the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.

Fiserv Trading Down 1.2 %

FISV traded down $1.27 during trading on Wednesday, reaching $102.44. 300,501 shares of the company’s stock were exchanged, compared to its average volume of 2,822,250. Fiserv, Inc. has a one year low of $87.03 and a one year high of $110.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $65.05 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The firm has a fifty day moving average price of $101.51 and a two-hundred day moving average price of $101.23.

Fiserv (NASDAQ:FISVGet Rating) last posted its earnings results on Thursday, October 27th. The business services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Fiserv had a return on equity of 12.74% and a net margin of 11.98%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.27 billion. As a group, equities research analysts forecast that Fiserv, Inc. will post 6.49 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Holdings L.P. Valueact sold 1,060,030 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $102.23, for a total value of $108,366,866.90. Following the sale, the director now directly owns 13,587,746 shares of the company’s stock, valued at approximately $1,389,075,273.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Holdings L.P. Valueact sold 1,060,030 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $102.23, for a total value of $108,366,866.90. Following the sale, the director now directly owns 13,587,746 shares of the company’s stock, valued at approximately $1,389,075,273.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Guy Chiarello sold 1,063 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $105.03, for a total transaction of $111,646.89. Following the completion of the sale, the chief operating officer now directly owns 201,623 shares in the company, valued at $21,176,463.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,747,594 shares of company stock valued at $178,182,913. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on FISV shares. Credit Suisse Group dropped their target price on shares of Fiserv from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Barclays dropped their target price on shares of Fiserv from $128.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com initiated coverage on shares of Fiserv in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Mizuho decreased their price target on shares of Fiserv from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, December 12th. Finally, Morgan Stanley lifted their price target on shares of Fiserv from $106.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $120.70.

Fiserv Profile

(Get Rating)

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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