Macguire Cheswick & Tuttle Investment Counsel LLC decreased its stake in Fiserv, Inc. (NASDAQ:FISV) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,640 shares of the business services provider’s stock after selling 6,975 shares during the period. Fiserv makes up 3.0% of Macguire Cheswick & Tuttle Investment Counsel LLC’s investment portfolio, making the stock its 7th largest position. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Fiserv were worth $15,004,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Gardiner Nancy B boosted its position in Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after buying an additional 762 shares during the period. Old Mutual Global Investors UK Ltd. boosted its position in Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock valued at $44,026,000 after buying an additional 232,364 shares during the period. British Columbia Investment Management Corp boosted its position in Fiserv by 6.3% in the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock valued at $9,751,000 after buying an additional 5,016 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Fiserv by 25.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 3,304 shares during the period. Finally, University of Texas Investment Managment Co. purchased a new position in Fiserv during the first quarter valued at approximately $184,000. Hedge funds and other institutional investors own 87.60% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) opened at 122.84 on Friday. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35. The stock has a 50 day moving average of $124.30 and a 200 day moving average of $119.03. The company has a market capitalization of $25.85 billion, a PE ratio of 30.07 and a beta of 0.81.

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

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Several research analysts have commented on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 target price (up previously from $123.00) on shares of Fiserv in a research report on Tuesday. Cowen and Company restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research report on Thursday, August 3rd. Credit Suisse Group upped their target price on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Barclays PLC restated an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets upped their target price on shares of Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $126.91.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the sale, the insider now owns 303,151 shares in the company, valued at approximately $37,912,064.06. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 51,000 shares of company stock valued at $6,339,810. 1.80% of the stock is owned by corporate insiders.

About Fiserv

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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