Employees Retirement System of Texas lessened its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,100 shares of the business services provider’s stock after selling 3,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Fiserv were worth $2,459,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FISV. BlackRock Inc. raised its stake in shares of Fiserv by 2,669.4% during the 1st quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock worth $1,654,185,000 after buying an additional 13,827,530 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Fiserv by 116.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after buying an additional 896,418 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Fiserv by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after buying an additional 518,262 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Fiserv by 36.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,105,510 shares of the business services provider’s stock worth $138,498,000 after buying an additional 297,400 shares during the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Fiserv by 282.4% during the 1st quarter. WINTON GROUP Ltd now owns 345,463 shares of the business services provider’s stock worth $34,363,000 after buying an additional 255,125 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on FISV shares. Guggenheim raised 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 note on Monday, July 17th. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Sunday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and a consensus price target of $127.77.

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Shares of Fiserv, Inc. (FISV) opened at 127.87 on Wednesday. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.81. The company’s 50 day moving average price is $125.13 and its 200 day moving average price is $122.65. The firm has a market capitalization of $26.91 billion, a price-to-earnings ratio of 31.30 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) 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 analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. Analysts forecast that Fiserv, Inc. will post $5.10 earnings per share for the current year.

In other news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the sale, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the sale, the insider now directly owns 269,151 shares in the company, valued at approximately $32,841,805.02. 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 in the last three months. 1.80% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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