Investec Asset Management LTD Has $104.49 Million Holdings in Fiserv, Inc. (FISV)

Investec Asset Management LTD decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 854,061 shares of the business services provider’s stock after selling 7,898 shares during the quarter. Investec Asset Management LTD owned 0.39% of Fiserv worth $104,486,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Investec Asset Management North America Inc. raised its stake in Fiserv by 7.0% in the 2nd quarter. Investec Asset Management North America Inc. now owns 12,912 shares of the business services provider’s stock worth $1,580,000 after purchasing an additional 847 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Fiserv by 2,209.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 182,419 shares of the business services provider’s stock worth $22,317,000 after purchasing an additional 174,519 shares in the last quarter. ProShare Advisors LLC raised its stake in Fiserv by 15.3% in the 2nd quarter. ProShare Advisors LLC now owns 77,875 shares of the business services provider’s stock worth $9,527,000 after purchasing an additional 10,334 shares in the last quarter. BT Investment Management Ltd acquired a new stake in Fiserv in the 2nd quarter worth about $904,000. Finally, Amalgamated Bank raised its stake in Fiserv by 49.5% in the 2nd quarter. Amalgamated Bank now owns 25,013 shares of the business services provider’s stock worth $3,060,000 after purchasing an additional 8,286 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Several analysts have weighed in on FISV shares. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Wednesday, July 19th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Wedbush reiterated an “outperform” rating and issued a $146.25 price objective (up previously from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $134.00 price objective (up previously from $128.00) on shares of Fiserv in a research note on Wednesday, June 14th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $127.05.

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In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $126.02, for a total value of $2,142,340.00. Following the sale, the insider now directly owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 51,000 shares of company stock worth $6,342,700. Insiders own 1.80% of the company’s stock.

Fiserv, Inc. (FISV) traded up 0.40% during trading on Friday, reaching $124.05. 1,484,510 shares of the company’s stock traded hands. The company’s 50 day moving average is $123.48 and its 200-day moving average is $121.30. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35. The stock has a market cap of $26.11 billion, a price-to-earnings ratio of 30.37 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts anticipate that Fiserv, Inc. will post $5.10 earnings per share for the current fiscal year.

Fiserv 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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