Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 128.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 225,300 shares of the business services provider’s stock after buying an additional 126,500 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.06% of Fiserv worth $16,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Fiserv by 0.4% in the 2nd quarter. BlackRock Inc. now owns 30,363,909 shares of the business services provider’s stock worth $2,249,662,000 after purchasing an additional 114,847 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Fiserv by 8.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock worth $1,738,335,000 after purchasing an additional 1,909,078 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Fiserv by 31.8% in the 2nd quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock worth $413,781,000 after purchasing an additional 1,346,387 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Fiserv by 96.4% in the 1st quarter. Northern Trust Corp now owns 5,332,497 shares of the business services provider’s stock worth $380,260,000 after purchasing an additional 2,617,155 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its holdings in shares of Fiserv by 91.6% in the 1st quarter. Winslow Capital Management LLC now owns 3,615,765 shares of the business services provider’s stock worth $257,839,000 after purchasing an additional 1,728,607 shares in the last quarter. 88.36% of the stock is owned by institutional investors.

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

In other news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $78.64, for a total transaction of $3,932,000.00. Following the sale, the insider now directly owns 467,380 shares in the company, valued at approximately $36,754,763.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 150,000 shares of company stock worth $11,600,500 over the last quarter. Company insiders own 1.80% of the company’s stock.

Shares of NASDAQ:FISV opened at $81.09 on Friday. 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. The firm has a market cap of $32.71 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.24 and a beta of 0.80.

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

About Fiserv

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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