Tredje AP fonden Has $3.98 Million Stock Holdings in Fiserv Inc (NASDAQ:FISV)

Tredje AP fonden lifted its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,133 shares of the business services provider’s stock after buying an additional 6,939 shares during the period. Tredje AP fonden’s holdings in Fiserv were worth $3,984,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Cornerstone Advisors Inc. boosted its stake in shares of Fiserv by 3.3% during the 4th quarter. Cornerstone Advisors Inc. now owns 2,600 shares of the business services provider’s stock worth $301,000 after buying an additional 84 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Fiserv by 1.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 8,090 shares of the business services provider’s stock valued at $935,000 after purchasing an additional 90 shares during the last quarter. Independent Advisor Alliance lifted its stake in Fiserv by 3.4% in the 4th quarter. Independent Advisor Alliance now owns 2,851 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 94 shares during the last quarter. Cognios Capital LLC lifted its stake in Fiserv by 0.6% in the 4th quarter. Cognios Capital LLC now owns 15,995 shares of the business services provider’s stock valued at $1,849,000 after purchasing an additional 96 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in Fiserv by 1.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 7,725 shares of the business services provider’s stock valued at $893,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.

In related news, CEO Jeffery W. Yabuki sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $100.30, for a total transaction of $1,003,000.00. Following the sale, the chief executive officer now owns 365,537 shares of the company’s stock, valued at approximately $36,663,361.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffery W. Yabuki sold 300,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $104.78, for a total transaction of $31,434,000.00. Following the completion of the transaction, the chief executive officer now directly owns 357,023 shares in the company, valued at approximately $37,408,869.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 330,000 shares of company stock worth $34,308,400. Corporate insiders own 1.60% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Stephens cut their target price on shares of Fiserv from $126.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Robert W. Baird cut their target price on shares of Fiserv from $143.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Raymond James cut their target price on shares of Fiserv from $133.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Canaccord Genuity cut their target price on shares of Fiserv from $152.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Oppenheimer initiated coverage on shares of Fiserv in a report on Thursday, May 7th. They issued a “buy” rating and a $140.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Buy” and a consensus target price of $120.39.

FISV traded up $0.35 during midday trading on Friday, hitting $103.93. The company had a trading volume of 3,004,717 shares, compared to its average volume of 4,695,580. Fiserv Inc has a 52 week low of $73.50 and a 52 week high of $125.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $69.35 billion, a price-to-earnings ratio of 57.10, a PEG ratio of 1.83 and a beta of 0.84. The stock’s 50 day moving average price is $98.55 and its 200 day moving average price is $109.12.

Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 150.9% on a year-over-year basis. Research analysts predict that Fiserv Inc will post 4.36 EPS for the current year.

Fiserv Company 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.

Further Reading: What is FinTech?

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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