HighTower Advisors LLC raised its position in Fiserv Inc (NASDAQ:FISV) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,149 shares of the business services provider’s stock after purchasing an additional 2,659 shares during the quarter. HighTower Advisors LLC’s holdings in Fiserv were worth $2,574,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FISV. Tiemann Investment Advisors LLC increased its position in shares of Fiserv by 2.2% in the 4th quarter. Tiemann Investment Advisors LLC now owns 4,700 shares of the business services provider’s stock worth $543,000 after purchasing an additional 100 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its holdings in shares of Fiserv by 6.7% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,618 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 101 shares during the last quarter. West Bancorporation Inc. raised its holdings in shares of Fiserv by 3.6% in the first quarter. West Bancorporation Inc. now owns 2,941 shares of the business services provider’s stock valued at $279,000 after purchasing an additional 101 shares during the last quarter. Clarius Group LLC grew its stake in shares of Fiserv by 2.3% in the first quarter. Clarius Group LLC now owns 4,629 shares of the business services provider’s stock valued at $440,000 after buying an additional 104 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Fiserv by 1.2% in the first quarter. Kingsview Wealth Management LLC now owns 8,474 shares of the business services provider’s stock valued at $805,000 after buying an additional 104 shares in the last quarter. 93.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Guy Chiarello sold 20,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $108.96, for a total transaction of $2,179,200.00. Following the completion of the sale, the insider now directly owns 302,775 shares of the company’s stock, valued at approximately $32,990,364. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Kenneth Best sold 11,496 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $108.94, for a total value of $1,252,374.24. Following the sale, the chief accounting officer now directly owns 38,133 shares of the company’s stock, valued at $4,154,209.02. The disclosure for this sale can be found here. Insiders sold a total of 407,996 shares of company stock valued at $42,532,359 over the last three months. 1.60% of the stock is currently owned by insiders.

Several research firms recently weighed in on FISV. Deutsche Bank decreased their target price on shares of Fiserv from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, May 8th. SunTrust Banks raised their target price on shares of Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Rosenblatt Securities reissued a “hold” rating and issued a $107.00 target price on shares of Fiserv in a research note on Thursday, May 7th. Citigroup raised their target price on shares of Fiserv from $110.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Atlantic Securities raised shares of Fiserv from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 12th. Six investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $121.36.

NASDAQ FISV opened at $94.92 on Monday. The firm has a market capitalization of $63.55 billion, a P/E ratio of 52.15, a PEG ratio of 1.66 and a beta of 0.83. The business has a fifty day simple moving average of $103.61 and a 200 day simple moving average of $107.64. Fiserv Inc has a 12 month low of $73.50 and a 12 month high of $125.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.65.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.87 billion. Fiserv had a return on equity of 9.62% and a net margin of 8.51%. Fiserv’s quarterly revenue was up 150.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. As a group, sell-side analysts predict that Fiserv Inc will post 4.41 EPS for the current fiscal 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; 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.

Further Reading: Net Income

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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