Prudential Financial Inc. decreased its position in Fiserv Inc (NASDAQ:FISV) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,480 shares of the business services provider’s stock after selling 4,950 shares during the period. Prudential Financial Inc.’s holdings in Fiserv were worth $41,971,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sonora Investment Management LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $106,000. Fort L.P. purchased a new position in shares of Fiserv in the 2nd quarter valued at $120,000. Braun Bostich & Associates Inc. grew its position in shares of Fiserv by 515.8% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock valued at $127,000 after buying an additional 1,434 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of Fiserv in the 3rd quarter valued at $143,000. Finally, Twin Tree Management LP purchased a new position in shares of Fiserv in the 2nd quarter valued at $135,000. 88.76% of the stock is owned by institutional investors and hedge funds.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $78.92, for a total transaction of $3,946,000.00. Following the transaction, the insider now directly owns 367,380 shares of the company’s stock, valued at approximately $28,993,629.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

A number of research firms recently commented on FISV. BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Deutsche Bank increased their target price on shares of Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Barclays began coverage on shares of Fiserv in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $95.00 target price on the stock. Finally, Citigroup increased their target price on shares of Fiserv from $72.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $80.57.

Shares of Fiserv stock opened at $76.08 on Wednesday. Fiserv Inc has a 1 year low of $62.76 and a 1 year high of $82.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.81. The firm has a market cap of $31.30 billion, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 2.18 and a beta of 0.79.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, research analysts forecast that Fiserv Inc will post 3.13 EPS for the current year.

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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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