Fiserv, Inc. (FISV) Stake Lifted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 815.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,245 shares of the business services provider’s stock after acquiring an additional 59,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Fiserv were worth $8,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in FISV. Janus Henderson Group PLC lifted its stake in Fiserv by 267.7% in the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after acquiring an additional 1,360,102 shares during the period. Longview Partners Guernsey LTD lifted its stake in Fiserv by 23.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after acquiring an additional 1,020,121 shares during the period. Voya Investment Management LLC lifted its stake in Fiserv by 116.6% in the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after acquiring an additional 896,418 shares during the period. BlackRock Inc. lifted its stake in Fiserv by 3.7% in the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after acquiring an additional 528,274 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after acquiring an additional 518,262 shares during the period. 88.43% of the stock is owned by institutional investors.

A number of analysts recently commented on FISV shares. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $128.45.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the transaction, the insider now directly owns 269,151 shares in the company, valued at $32,841,805.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock valued at $7,133,943 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) opened at $128.00 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $26,675.07, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. Fiserv, Inc. has a 52-week low of $99.19 and a 52-week high of $130.20.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. Fiserv’s revenue was up 1.4% compared to the same quarter last year. equities research analysts forecast that Fiserv, Inc. will post 5.08 EPS for the current fiscal year.

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Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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