Bellecapital International Ltd. Has $6.62 Million Stock Holdings in Fiserv, Inc. (NASDAQ:FISV)

Bellecapital International Ltd. boosted its position in Fiserv, Inc. (NASDAQ:FISV – Get Rating) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,780 shares of the business services provider’s stock after acquiring an additional 535 shares during the period. Fiserv accounts for 2.0% of Bellecapital International Ltd.’s portfolio, making the stock its 14th largest position. Bellecapital International Ltd.’s holdings in Fiserv were worth $6,623,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Cowa LLC boosted its holdings in Fiserv by 19.1% in the third quarter. Cowa LLC now owns 3,286 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 527 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in Fiserv by 11.1% in the third quarter. Chevy Chase Trust Holdings LLC now owns 393,808 shares of the business services provider’s stock valued at $36,848,000 after acquiring an additional 39,213 shares during the last quarter. Schechter Investment Advisors LLC boosted its holdings in Fiserv by 56.4% during the third quarter. Schechter Investment Advisors LLC now owns 5,661 shares of the business services provider’s stock worth $530,000 after buying an additional 2,042 shares during the last quarter. Empirical Finance LLC boosted its holdings in Fiserv by 20.7% during the third quarter. Empirical Finance LLC now owns 14,118 shares of the business services provider’s stock worth $1,321,000 after buying an additional 2,423 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Fiserv by 10.2% during the third quarter. Retirement Systems of Alabama now owns 212,438 shares of the business services provider’s stock worth $19,878,000 after buying an additional 19,580 shares during the last quarter. Institutional investors own 88.79% of the company’s stock.

Fiserv Stock Down 0.9 %

Fiserv stock traded down $0.94 during midday trading on Wednesday, reaching $102.77. The stock had a trading volume of 129,000 shares, compared to its average volume of 2,811,531. The firm’s fifty day simple moving average is $101.51 and its 200-day simple moving average is $101.23. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $110.94. The stock has a market capitalization of $65.26 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.06.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on FISV. Barclays reduced their target price on Fiserv from $128.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup reduced their target price on Fiserv from $122.00 to $115.00 in a report on Friday, October 28th. Atlantic Securities cut Fiserv from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $105.00 in a report on Wednesday, October 12th. Wells Fargo & Company cut Fiserv from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $106.00 to $101.00 in a report on Monday, January 9th. Finally, William Blair reiterated an “outperform” rating on shares of Fiserv in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus price target of $120.70.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 1,063 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $105.03, for a total transaction of $111,646.89. Following the transaction, the chief operating officer now owns 201,623 shares of the company’s stock, valued at approximately $21,176,463.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Christopher M. Foskett sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $101.31, for a total transaction of $405,240.00. Following the transaction, the executive now directly owns 99,094 shares of the company’s stock, valued at approximately $10,039,213.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 1,063 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $105.03, for a total value of $111,646.89. Following the transaction, 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. Insiders have sold 1,747,594 shares of company stock valued at $178,182,913 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Fiserv Profile

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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.