Teachers Advisors LLC Has $50.61 Million Position in Fiserv, Inc. (FISV)

Teachers Advisors LLC reduced its stake in Fiserv, Inc. (NASDAQ:FISV) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,643 shares of the business services provider’s stock after selling 35,084 shares during the period. Teachers Advisors LLC owned 0.19% of Fiserv worth $50,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Savant Capital LLC grew its holdings in shares of Fiserv by 0.5% during the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock valued at $247,000 after buying an additional 10 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in shares of Fiserv by 0.4% during the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock valued at $418,000 after buying an additional 13 shares during the last quarter. Elefante Mark B grew its holdings in shares of Fiserv by 0.3% during the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock valued at $699,000 after buying an additional 15 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of Fiserv by 2.3% during the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the last quarter. Finally, Nwam LLC grew its holdings in shares of Fiserv by 1.9% during the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after buying an additional 35 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

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FISV has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Wednesday, July 19th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $136.00 in a report on Monday, July 17th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Robert W. Baird restated a “buy” rating and set a $136.00 price target on shares of Fiserv in a report on Friday, September 8th. Finally, Barclays PLC restated an “equal weight” rating and set a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $127.05.

Fiserv, Inc. (FISV) traded up 1.18% on Friday, reaching $126.23. 819,463 shares of the company’s stock were exchanged. The company has a market cap of $26.57 billion, a PE ratio of 30.90 and a beta of 0.82. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35. The firm’s 50 day moving average price is $123.36 and its 200 day moving average price is $121.49.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, analysts expect that Fiserv, Inc. will post $5.10 earnings per share for the current year.

In other news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the transaction, the insider now owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock valued at $7,113,543 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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