Zurich Insurance Group Ltd FI boosted its position in shares of Fiserv Inc (NASDAQ:FISV) by 39.6% in the second quarter, Holdings Channel reports. The institutional investor owned 136,376 shares of the business services provider’s stock after acquiring an additional 38,682 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Fiserv were worth $10,104,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sonora Investment Management LLC bought a new position in Fiserv in the 2nd quarter worth $106,000. Dubuque Bank & Trust Co. raised its holdings in Fiserv by 96.9% in the 1st quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock worth $107,000 after purchasing an additional 738 shares in the last quarter. Parallel Advisors LLC raised its holdings in Fiserv by 100.0% in the 1st quarter. Parallel Advisors LLC now owns 1,500 shares of the business services provider’s stock worth $107,000 after purchasing an additional 750 shares in the last quarter. Fort L.P. bought a new position in Fiserv in the 2nd quarter worth $120,000. Finally, Braun Bostich & Associates Inc. raised its holdings in Fiserv by 515.8% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock worth $127,000 after purchasing an additional 1,434 shares in the last quarter. Institutional investors own 88.36% of the company’s stock.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $77.03, for a total transaction of $3,851,500.00. Following the sale, the insider now directly owns 517,380 shares of the company’s stock, valued at approximately $39,853,781.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 150,000 shares of company stock worth $11,600,500 over the last three months. 1.80% of the stock is currently owned by insiders.

FISV has been the topic of a number of recent research reports. SunTrust Banks upped their target price on shares of Fiserv to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Friday, August 3rd. Deutsche Bank upped their target price on shares of Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $75.90.

NASDAQ:FISV opened at $81.09 on Friday. The stock has a market capitalization of $32.71 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.69. Fiserv Inc has a 1-year low of $60.19 and a 1-year high of $81.31.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $0.57 EPS. Fiserv’s revenue for the quarter was up 2.5% on a year-over-year basis. analysts forecast that Fiserv Inc will post 3.13 EPS for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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