Fiserv, Inc. (FISV) Position Increased by Zions Bancorporation

Zions Bancorporation increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 13,552.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,867 shares of the business services provider’s stock after purchasing an additional 2,846 shares during the period. Zions Bancorporation’s holdings in Fiserv were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FISV. Acadian Asset Management LLC boosted its stake in Fiserv by 156.2% in the 2nd quarter. Acadian Asset Management LLC now owns 2,839 shares of the business services provider’s stock worth $348,000 after purchasing an additional 1,731 shares in the last quarter. Strs Ohio raised its position in Fiserv by 5.0% during the 2nd quarter. Strs Ohio now owns 7,324 shares of the business services provider’s stock worth $896,000 after buying an additional 352 shares during the last quarter. Bessemer Group Inc. raised its position in Fiserv by 62.7% during the 2nd quarter. Bessemer Group Inc. now owns 2,083 shares of the business services provider’s stock worth $255,000 after buying an additional 803 shares during the last quarter. Global X Management Co. LLC raised its position in Fiserv by 88.7% during the 2nd quarter. Global X Management Co. LLC now owns 7,125 shares of the business services provider’s stock worth $872,000 after buying an additional 3,350 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Fiserv by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 714,083 shares of the business services provider’s stock worth $87,361,000 after buying an additional 31,845 shares during the last quarter. Institutional investors own 88.62% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) opened at $131.83 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $27,450.00, a P/E ratio of 27.05, a PEG ratio of 2.25 and a beta of 0.82. Fiserv, Inc. has a 1-year low of $104.36 and a 1-year high of $133.11.

Fiserv (NASDAQ:FISV) last posted its 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). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. Fiserv’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.14 earnings per share. sell-side analysts anticipate that Fiserv, Inc. will post 5.08 earnings per share for the current year.

FISV has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird reissued an “outperform” rating and set a $146.00 price target (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Cowen reissued a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Cantor Fitzgerald reissued a “hold” rating and set a $126.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $128.00 price target on shares of Fiserv in a research report on Wednesday, September 6th. Ten equities 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 an average target price of $130.41.

In other news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the transaction, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,124 shares of company stock valued at $5,316,303. Insiders own 1.80% of the company’s stock.

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About Fiserv

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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