Sterling Capital Management LLC Has $1.85 Million Stake in Fiserv Inc (FISV)

Sterling Capital Management LLC lessened its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,150 shares of the business services provider’s stock after selling 2,450 shares during the quarter. Sterling Capital Management LLC’s holdings in Fiserv were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Fiserv during the 2nd quarter worth $104,000. Acrospire Investment Management LLC purchased a new position in shares of Fiserv during the 2nd quarter worth $122,000. Trust Co. of Vermont boosted its stake in shares of Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after acquiring an additional 453 shares during the last quarter. Finally, Sun Life Financial INC boosted its stake in shares of Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,124 shares of company stock worth $7,133,943. Insiders own 1.80% of the company’s stock.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/19/sterling-capital-management-llc-has-1-85-million-stake-in-fiserv-inc-fisv.html.

Several research analysts have recently weighed in on FISV shares. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. Finally, Robert W. Baird reiterated a “buy” rating and set a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $127.77.

Fiserv Inc (NASDAQ FISV) opened at 127.07 on Thursday. The stock has a market cap of $26.74 billion, a PE ratio of 31.11 and a beta of 0.82. Fiserv Inc has a 1-year low of $92.81 and a 1-year high of $129.81. The company’s 50 day moving average is $125.92 and its 200-day moving average is $123.09.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 15.95% and a return on equity of 36.82%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Equities research analysts forecast that Fiserv Inc will post $5.10 earnings per share for the current fiscal year.

Fiserv Company Profile

Fiserv,

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Fiserv during the 2nd quarter worth $104,000. Acrospire Investment Management LLC purchased a new position in shares of Fiserv during the 2nd quarter worth $122,000. Trust Co. of Vermont boosted its stake in shares of Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after acquiring an additional 453 shares during the last quarter. Finally, Sun Life Financial INC boosted its stake in shares of Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,539 shares during the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,124 shares of company stock worth $7,133,943. Insiders own 1.80% of the company’s stock.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/19/sterling-capital-management-llc-has-1-85-million-stake-in-fiserv-inc-fisv.html.

Several research analysts have recently weighed in on FISV shares. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. Finally, Robert W. Baird reiterated a “buy” rating and set a $136.00 price target on shares of Fiserv in a research note on Friday, September 8th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $127.77.

Fiserv Inc (NASDAQ FISV) opened at 127.07 on Thursday. The stock has a market cap of $26.74 billion, a PE ratio of 31.11 and a beta of 0.82. Fiserv Inc has a 1-year low of $92.81 and a 1-year high of $129.81. The company’s 50 day moving average is $125.92 and its 200-day moving average is $123.09.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 15.95% and a return on equity of 36.82%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 earnings per share. Equities research analysts forecast that Fiserv Inc will post $5.10 earnings per share for the current fiscal year.

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.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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