Fiserv Inc (FISV) Stake Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Fiserv Inc (NASDAQ:FISV) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,175 shares of the business services provider’s stock after purchasing an additional 9,855 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Fiserv were worth $14,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of FISV. BlackRock Inc. raised its holdings in shares of Fiserv by 101.0% in the first quarter. BlackRock Inc. now owns 30,249,062 shares of the business services provider’s stock valued at $2,157,059,000 after acquiring an additional 15,202,516 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 8.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock valued at $1,738,335,000 after acquiring an additional 1,909,078 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Fiserv by 96.4% in the first quarter. Northern Trust Corp now owns 5,332,497 shares of the business services provider’s stock valued at $380,260,000 after acquiring an additional 2,617,155 shares in the last quarter. Winslow Capital Management LLC raised its holdings in shares of Fiserv by 91.6% in the first quarter. Winslow Capital Management LLC now owns 3,615,765 shares of the business services provider’s stock valued at $257,839,000 after acquiring an additional 1,728,607 shares in the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Fiserv by 76.2% in the first quarter. Pittenger & Anderson Inc. now owns 3,248,268 shares of the business services provider’s stock valued at $231,634,000 after acquiring an additional 1,405,139 shares in the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on FISV. JPMorgan Chase & Co. downgraded Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective for the company. in a report on Tuesday. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Citigroup lifted their price objective on Fiserv from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd. Finally, Deutsche Bank lifted their price objective on Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $75.90.



FISV stock opened at $79.03 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $32.09 billion, a P/E ratio of 30.87, a PEG ratio of 2.20 and a beta of 0.77. Fiserv Inc has a 1-year low of $59.85 and a 1-year high of $80.00.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The business had revenue of $1.42 billion during 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 firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. sell-side analysts anticipate that Fiserv Inc will post 3.13 EPS for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $77.03, for a total value of $3,851,500.00. Following the completion of the transaction, the insider now directly owns 517,380 shares in the company, valued at $39,853,781.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim M. Robak sold 10,388 shares of the business’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $72.92, for a total transaction of $757,492.96. Following the completion of the transaction, the director now owns 85,094 shares of the company’s stock, valued at $6,205,054.48. The disclosure for this sale can be found here. Insiders sold 110,388 shares of company stock valued at $8,425,993 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Fiserv 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.

See Also: What does EPS mean?

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)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply