WESCAP Management Group Inc. lowered its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,778 shares of the business services provider’s stock after selling 446 shares during the period. Fiserv accounts for 1.0% of WESCAP Management Group Inc.’s portfolio, making the stock its 26th largest position. WESCAP Management Group Inc.’s holdings in Fiserv were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FISV. BlackRock Inc. increased its holdings in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after purchasing an additional 13,827,530 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Fiserv by 36.8% in the second quarter. Pictet Asset Management Ltd. now owns 1,105,510 shares of the business services provider’s stock valued at $138,498,000 after purchasing an additional 297,400 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fiserv by 152.1% in the first quarter. JPMorgan Chase & Co. now owns 459,649 shares of the business services provider’s stock valued at $53,001,000 after purchasing an additional 277,357 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in shares of Fiserv by 282.4% in the first quarter. WINTON GROUP Ltd now owns 345,463 shares of the business services provider’s stock valued at $34,363,000 after purchasing an additional 255,125 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Fiserv, Inc. (FISV) traded up 0.325% during midday trading on Friday, reaching $125.165. 131,804 shares of the company’s stock were exchanged. The company has a market cap of $26.34 billion, a price-to-earnings ratio of 30.640 and a beta of 0.82. The firm has a 50-day moving average price of $123.36 and a 200 day moving average price of $121.49. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $129.35.

Fiserv (NASDAQ:FISV) last released 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). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share. On average, analysts expect that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

A number of analysts recently weighed in on FISV shares. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Wednesday, July 19th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Wedbush reissued an “outperform” rating and set a $146.25 price target (up from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $128.00 price target on shares of Fiserv in a research report on Wednesday, September 6th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $127.05.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock worth $7,113,543 over the last three months. 1.80% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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