BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $9.59 Million Holdings in Fiserv, Inc. (FISV)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,322 shares of the business services provider’s stock after selling 1,145 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Fiserv were worth $9,585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FISV. Acadian Asset Management LLC boosted its stake in Fiserv by 156.2% during the 2nd quarter. Acadian Asset Management LLC now owns 2,839 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 1,731 shares during the period. Strs Ohio boosted its stake in Fiserv by 5.0% during the 2nd quarter. Strs Ohio now owns 7,324 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 352 shares during the period. Bessemer Group Inc. lifted its stake in shares of Fiserv by 62.7% in the 2nd quarter. Bessemer Group Inc. now owns 2,083 shares of the business services provider’s stock worth $255,000 after acquiring an additional 803 shares during the period. Global X Management Co. LLC lifted its stake in shares of Fiserv by 88.7% in the 2nd quarter. Global X Management Co. LLC now owns 7,125 shares of the business services provider’s stock worth $872,000 after acquiring an additional 3,350 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Fiserv by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 714,083 shares of the business services provider’s stock worth $87,361,000 after acquiring an additional 31,845 shares during the period. 88.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Fiserv, Inc. (NASDAQ FISV) opened at $131.72 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv, Inc. has a fifty-two week low of $104.36 and a fifty-two week high of $133.11. The company has a market cap of $27,450.37, a P/E ratio of 27.05, a P/E/G ratio of 2.25 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts predict that Fiserv, Inc. will post 5.08 earnings per share for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the sale, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders sold a total of 42,124 shares of company stock worth $5,316,303 over the last quarter. Insiders own 1.80% of the company’s stock.

A number of brokerages have recently weighed in on FISV. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Cowen reaffirmed a “hold” rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday, October 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $130.41.

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Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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