Axa Reduces Position in Fiserv, Inc. (NASDAQ:FISV)

AXA cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,600 shares of the business services provider’s stock after selling 30,712 shares during the period. AXA owned about 0.08% of Fiserv worth $21,727,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FISV. Gardiner Nancy B increased its stake in Fiserv by 6.5% during the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock worth $1,445,000 after acquiring an additional 762 shares during the last quarter. British Columbia Investment Management Corp increased its stake in Fiserv by 6.3% during the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock worth $9,751,000 after acquiring an additional 5,016 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Fiserv by 25.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock worth $1,866,000 after acquiring an additional 3,304 shares during the last quarter. Atria Investments LLC bought a new position in shares of Fiserv during the second quarter valued at approximately $201,000. Finally, Great Lakes Advisors LLC grew its stake in shares of Fiserv by 2.2% during the second quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock valued at $2,108,000 after buying an additional 378 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Fiserv, Inc. (NASDAQ:FISV) traded up 0.40% during trading on Friday, hitting $124.05. The company had a trading volume of 1,484,510 shares. The stock has a market capitalization of $26.11 billion, a price-to-earnings ratio of 30.37 and a beta of 0.82. The firm’s 50 day moving average is $123.48 and its 200-day moving average is $121.30. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.

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

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on 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 sale, the insider now directly owns 269,151 shares in the company, valued at $32,841,805.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 51,000 shares of company stock valued at $6,342,700 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

FISV has been the topic of a number of analyst reports. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, July 19th. Guggenheim upgraded Fiserv from a “neutral” rating to a “buy” rating and boosted their price target for the company from $131.00 to $136.00 in a report on Monday, July 17th. Wedbush reiterated an “outperform” rating and issued a $146.25 price target (up previously from $115.00) on shares of Fiserv in a report on Tuesday, June 6th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $134.00 price target (up previously from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $127.05.

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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.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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