Arvest Bank Trust Division Decreases Position in Fiserv Inc (FISV)

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Arvest Bank Trust Division decreased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 1.6% in the third quarter, HoldingsChannel reports. The firm owned 317,035 shares of the business services provider’s stock after selling 5,001 shares during the period. Fiserv comprises 1.8% of Arvest Bank Trust Division’s portfolio, making the stock its 14th largest holding. Arvest Bank Trust Division’s holdings in Fiserv were worth $26,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Macquarie Group Ltd. boosted its holdings in Fiserv by 1.6% in the second quarter. Macquarie Group Ltd. now owns 284,676 shares of the business services provider’s stock worth $21,092,000 after purchasing an additional 4,444 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in Fiserv by 27.1% in the second quarter. Findlay Park Partners LLP now owns 1,525,000 shares of the business services provider’s stock worth $112,987,000 after purchasing an additional 325,000 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Fiserv by 40.2% in the second quarter. Commonwealth Bank of Australia now owns 30,817 shares of the business services provider’s stock worth $2,279,000 after purchasing an additional 8,843 shares during the last quarter. Raymond James & Associates boosted its holdings in Fiserv by 1.7% in the second quarter. Raymond James & Associates now owns 211,119 shares of the business services provider’s stock worth $15,642,000 after purchasing an additional 3,578 shares during the last quarter. Finally, Strs Ohio boosted its holdings in Fiserv by 32.3% in the second quarter. Strs Ohio now owns 24,465 shares of the business services provider’s stock worth $1,812,000 after purchasing an additional 5,975 shares during the last quarter. 87.67% of the stock is owned by institutional investors and hedge funds.

Shares of FISV stock opened at $77.94 on Wednesday. The firm has a market cap of $31.54 billion, a PE ratio of 30.45, a PEG ratio of 2.16 and a beta of 0.79. Fiserv Inc has a one year low of $60.19 and a one year high of $82.79. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. On average, equities analysts forecast that Fiserv Inc will post 3.13 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Fiserv from $72.00 to $76.00 and gave the stock a “neutral” rating in a report on Thursday, August 2nd. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Friday, August 3rd. Robert W. Baird lifted their price target on shares of Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, September 24th. Finally, Argus set a $90.00 price target on shares of Fiserv and gave the stock a “buy” rating in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $78.82.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $79.72, for a total transaction of $3,986,000.00. Following the sale, the insider now directly owns 418,380 shares in the company, valued at approximately $33,353,253.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 150,000 shares of company stock worth $11,864,000 over the last 90 days. Insiders own 1.70% 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; 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.

Read More: What are Institutional Investors?

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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