Bank of New York Mellon Corp boosted its position in Fiserv Inc. (NASDAQ:FISV) by 7.8% during the third quarter, Holdings Channel reports. The institutional investor owned 2,401,591 shares of the company’s stock after buying an additional 173,633 shares during the period. Bank of New York Mellon Corp’s holdings in Fiserv were worth $238,888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. MAI Capital Management boosted its position in shares of Fiserv by 1.2% in the second quarter. MAI Capital Management now owns 3,744 shares of the company’s stock valued at $407,000 after buying an additional 44 shares during the period. Boys Arnold & Co. Inc. boosted its position in shares of Fiserv by 12.1% in the second quarter. Boys Arnold & Co. Inc. now owns 12,027 shares of the company’s stock valued at $1,308,000 after buying an additional 1,295 shares during the period. Capstone Asset Management Co. boosted its position in shares of Fiserv by 12.4% in the second quarter. Capstone Asset Management Co. now owns 43,455 shares of the company’s stock valued at $4,725,000 after buying an additional 4,789 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Fiserv by 8.4% in the second quarter. DAVENPORT & Co LLC now owns 2,960 shares of the company’s stock valued at $322,000 after buying an additional 230 shares during the period. Finally, Atria Investments LLC bought a new position in shares of Fiserv during the second quarter valued at about $256,000. 85.86% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Fiserv Inc. (NASDAQ:FISV) opened at 104.62 on Thursday. The firm’s 50-day moving average price is $100.95 and its 200-day moving average price is $103.73. The firm has a market capitalization of $22.71 billion, a PE ratio of 26.24 and a beta of 0.82. Fiserv Inc. has a 1-year low of $85.63 and a 1-year high of $111.51.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.01. Fiserv had a net margin of 16.61% and a return on equity of 36.84%. The company earned $1.38 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Fiserv Inc. will post $4.45 EPS for the current fiscal year.

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Several equities analysts recently weighed in on FISV shares. Deutsche Bank AG lifted their price target on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Robert W. Baird upgraded Fiserv from a “neutral” rating to an “outperform” rating and set a $112.00 price objective for the company in a research note on Friday, October 28th. Cantor Fitzgerald started coverage on Fiserv in a research note on Thursday, October 6th. They set a “hold” rating and a $101.00 price objective for the company. Monness Crespi & Hardt upgraded Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday, October 4th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 price objective on shares of Fiserv in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $107.35.

In other news, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the completion of the transaction, the insider now directly owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $99.91, for a total transaction of $1,198,920.00. Following the transaction, the insider now directly owns 308,994 shares of the company’s stock, valued at $30,871,590.54. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.

5 Day Chart for NASDAQ:FISV

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