Eagle Asset Management Inc. increased its position in Fiserv Inc (NASDAQ:FISV) by 438.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,869 shares of the business services provider’s stock after purchasing an additional 48,755 shares during the period. Eagle Asset Management Inc.’s holdings in Fiserv were worth $6,201,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Fiserv by 8.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after acquiring an additional 3,933,642 shares during the last quarter. Vanguard Group Inc. raised its stake in Fiserv by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock valued at $3,909,440,000 after acquiring an additional 322,980 shares during the last quarter. BlackRock Inc. raised its stake in Fiserv by 2.8% during the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after acquiring an additional 883,535 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Fiserv by 11.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,508,566 shares of the business services provider’s stock valued at $682,004,000 after acquiring an additional 758,149 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Fiserv by 3.2% during the 2nd quarter. Invesco Ltd. now owns 5,022,526 shares of the business services provider’s stock valued at $457,854,000 after acquiring an additional 157,635 shares during the last quarter.

Several research firms have commented on FISV. Atlantic Securities began coverage on Fiserv in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price objective for the company. Wedbush upped their price objective on Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Monday. ValuEngine downgraded Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $108.23.

FISV opened at $110.25 on Tuesday. The stock has a market cap of $43.47 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50 day simple moving average is $104.89 and its 200 day simple moving average is $97.84. Fiserv Inc has a 1-year low of $68.45 and a 1-year high of $111.46.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. Research analysts expect that Fiserv Inc will post 4 EPS for the current fiscal year.

In related news, Chairman Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $107.45, for a total value of $2,686,250.00. Following the sale, the chairman now owns 291,429 shares in the company, valued at approximately $31,314,046.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Guy Chiarello sold 46,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the sale, the insider now owns 372,447 shares in the company, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,000 shares of company stock worth $13,422,250. Insiders own 1.40% of the company’s stock.

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; Internet and 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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