ClariVest Asset Management LLC Has $31.85 Million Position in Fiserv, Inc. (FISV)

ClariVest Asset Management LLC cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,223 shares of the business services provider’s stock after selling 11,400 shares during the period. ClariVest Asset Management LLC owned about 0.13% of Fiserv worth $31,852,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Boston Private Wealth LLC increased its stake in shares of Fiserv by 19.1% in the first quarter. Boston Private Wealth LLC now owns 5,479 shares of the business services provider’s stock valued at $632,000 after buying an additional 879 shares in the last quarter. Oarsman Capital Inc. increased its stake in Fiserv by 79.7% in the first quarter. Oarsman Capital Inc. now owns 21,896 shares of the business services provider’s stock worth $2,525,000 after buying an additional 9,711 shares during the period. AXA increased its stake in Fiserv by 4.4% in the first quarter. AXA now owns 208,312 shares of the business services provider’s stock worth $24,020,000 after buying an additional 8,700 shares during the period. Alliancebernstein L.P. increased its stake in Fiserv by 2.9% in the first quarter. Alliancebernstein L.P. now owns 3,295,500 shares of the business services provider’s stock worth $380,004,000 after buying an additional 92,251 shares during the period. Finally, WFG Advisors LP increased its stake in Fiserv by 685.0% in the first quarter. WFG Advisors LP now owns 3,925 shares of the business services provider’s stock worth $453,000 after buying an additional 3,425 shares during the period. Institutional investors own 88.03% of the company’s stock.

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Fiserv, Inc. (FISV) traded up 0.06% during mid-day trading on Tuesday, hitting $125.27. The stock had a trading volume of 79,365 shares. The firm has a market cap of $26.60 billion, a P/E ratio of 31.29 and a beta of 0.81. The stock has a 50-day moving average price of $122.33 and a 200 day moving average price of $114.64. Fiserv, Inc. has a 12-month low of $92.81 and a 12-month high of $126.28.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. Fiserv’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post $5.13 EPS for the current fiscal year.

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FISV has been the subject of a number of research reports. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $123.00 price target on shares of Fiserv in a report on Friday, April 28th. Cantor Fitzgerald boosted their price target on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Vetr downgraded Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price target for the company. in a report on Thursday, April 20th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $134.00 price target (up from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $119.25.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $120.19, for a total transaction of $240,380.00. Following the completion of the transaction, the insider now owns 337,151 shares of the company’s stock, valued at $40,522,178.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $121.85, for a total value of $2,071,450.00. Following the transaction, the insider now directly owns 323,776 shares of the company’s stock, valued at approximately $39,452,105.60. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $4,057,530 in the last three months. 1.90% of the stock is currently owned by company insiders.

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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