Fiserv Inc (FISV) Shares Sold by Comerica Bank

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Comerica Bank trimmed its holdings in Fiserv Inc (NASDAQ:FISV) by 15.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,030 shares of the business services provider’s stock after selling 27,943 shares during the quarter. Comerica Bank’s holdings in Fiserv were worth $12,302,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Macquarie Group Ltd. raised its holdings in Fiserv by 1.6% during the 2nd 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 raised its holdings in Fiserv by 27.1% during the 2nd 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 raised its holdings in Fiserv by 40.2% during the 2nd 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 raised its holdings in Fiserv by 1.7% during the 2nd 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, Delaney Dennis R raised its holdings in Fiserv by 3.2% during the 3rd quarter. Delaney Dennis R now owns 31,050 shares of the business services provider’s stock worth $2,558,000 after purchasing an additional 960 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Shares of FISV stock opened at $77.51 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $29.88 billion, a PE ratio of 25.29, a P/E/G ratio of 2.08 and a beta of 0.79. Fiserv Inc has a one year low of $62.76 and a one year high of $82.79.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.44 billion. Fiserv had a net margin of 25.00% and a return on equity of 44.31%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. As a group, sell-side analysts expect that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total value of $3,986,000.00. Following the completion of the transaction, 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 is available through the SEC website. Over the last ninety days, insiders sold 150,000 shares of company stock valued at $11,864,000. 1.70% of the stock is currently owned by company insiders.

FISV has been the subject of several recent research reports. SunTrust Banks boosted their price objective on Fiserv to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, August 3rd. Argus set a $90.00 price target on Fiserv and gave the company a “buy” rating in a research note on Wednesday, September 19th. Finally, Deutsche Bank upped their price target on Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $78.82.

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Fiserv Company Profile

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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