Fiserv Inc (NASDAQ:FISV) Stake Decreased by Psagot Investment House Ltd.

Psagot Investment House Ltd. lowered its holdings in Fiserv Inc (NASDAQ:FISV) by 13.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,169 shares of the business services provider’s stock after selling 1,235 shares during the quarter. Psagot Investment House Ltd.’s holdings in Fiserv were worth $721,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FISV. Oregon Public Employees Retirement Fund grew its stake in Fiserv by 7,194.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after purchasing an additional 10,203,585 shares in the last quarter. Norges Bank purchased a new stake in Fiserv during the 4th quarter worth about $288,462,000. Mackenzie Financial Corp lifted its holdings in Fiserv by 78.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,891,400 shares of the business services provider’s stock worth $212,489,000 after buying an additional 1,271,171 shares during the last quarter. BlackRock Inc. lifted its holdings in Fiserv by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,345,393 shares of the business services provider’s stock worth $2,303,573,000 after buying an additional 898,122 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after buying an additional 845,558 shares during the last quarter. Institutional investors own 90.56% of the company’s stock.

NASDAQ:FISV traded up $1.19 during trading hours on Wednesday, reaching $89.60. 2,917,208 shares of the company traded hands, compared to its average volume of 5,008,673. The stock has a market cap of $34.76 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.80. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $91.19.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. Fiserv’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, equities research analysts predict that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

A number of analysts have issued reports on FISV shares. Buckingham Research started coverage on Fiserv in a report on Thursday, February 7th. They set a “buy” rating and a $100.00 price target for the company. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Moffett Nathanson initiated coverage on Fiserv in a report on Tuesday. They issued a “buy” rating and a $108.00 target price for the company. SunTrust Banks reissued a “hold” rating and issued a $85.21 target price on shares of Fiserv in a report on Tuesday, January 29th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $83.00 price objective on shares of Fiserv in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $89.59.

In other Fiserv news, Director Denis Oleary sold 13,728 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the transaction, the director now owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kim M. Robak sold 10,904 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the transaction, the director now directly owns 85,610 shares in the company, valued at approximately $7,448,926.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,912 shares of company stock worth $10,856,871. 1.40% of the stock is owned by insiders.

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Fiserv 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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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