Great West Life Assurance Co. Can lowered its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,601 shares of the business services provider’s stock after selling 8,353 shares during the quarter. Great West Life Assurance Co. Can owned about 0.10% of Fiserv worth $26,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Roberts Glore & Co. Inc. IL boosted its position in Fiserv by 0.6% during the second quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 20 shares during the last quarter. Nwam LLC boosted its position in Fiserv by 1.9% during the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 35 shares during the last quarter. Burney Co. boosted its position in Fiserv by 0.7% during the second quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock valued at $1,030,000 after acquiring an additional 55 shares during the last quarter. Parallel Advisors LLC boosted its position in Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 64 shares during the last quarter. Finally, Perennial Advisors LLC boosted its position in Fiserv by 0.3% during the second quarter. Perennial Advisors LLC now owns 31,079 shares of the business services provider’s stock valued at $3,802,000 after acquiring an additional 82 shares during the last quarter. 88.61% of the stock is currently owned by institutional investors and hedge funds.

Fiserv, Inc. (FISV) opened at $128.72 on Thursday. The stock has a market cap of $26,760.57, a PE ratio of 26.37, a PEG ratio of 2.20 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a 1 year low of $102.60 and a 1 year high of $130.20.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. Fiserv’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. research analysts forecast that Fiserv, Inc. will post 5.08 earnings per share for the current fiscal year.

In related news, 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 value of $762,682.96. Following the sale, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the sale, the insider now owns 330,835 shares in the company, valued at approximately $41,533,025.90. The disclosure for this sale can be found here. Insiders have sold a total of 42,124 shares of company stock worth $5,316,303 in the last three months. Insiders own 1.80% of the company’s stock.

A number of brokerages have commented on FISV. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $128.00 price target (up previously from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Barclays reaffirmed an “equal weight” rating and set a $123.00 price target (up previously from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 price target (up previously from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $130.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $130.41.

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Fiserv Company 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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