Today, First Trust Advisors LP Reached $19,484,000 position of Fiserv Inc. (FISV)

Today, First Trust Advisors LP Reached $19,484,000 position  of Fiserv Inc. (FISV)
First Trust Advisors LP cut its stake in shares of Fiserv Inc. (NASDAQ:FISV) by 21.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,876 shares of the company’s stock after selling 54,848 shares during the period. First Trust Advisors LP owned approximately 0.09% of Fiserv worth $19,484,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock valued at $120,000 after buying an additional 947 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Fiserv by 97.0% in the second quarter. Global X Management Co. LLC now owns 1,172 shares of the company’s stock valued at $127,000 after buying an additional 577 shares in the last quarter. Financial Architects Inc raised its position in shares of Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in shares of Fiserv by 472.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,403 shares of the company’s stock valued at $153,000 after buying an additional 1,158 shares in the last quarter. Finally, First Manhattan Co. raised its position in shares of Fiserv by 8.9% in the second quarter. First Manhattan Co. now owns 1,634 shares of the company’s stock valued at $177,000 after buying an additional 134 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Fiserv Inc. (NASDAQ:FISV) traded down 0.34% on Friday, hitting $107.23. 483,580 shares of the company were exchanged. The firm has a 50 day moving average of $100.76 and a 200-day moving average of $103.75. The stock has a market cap of $23.28 billion, a PE ratio of 26.89 and a beta of 0.82. Fiserv Inc. has a 52-week low of $85.63 and a 52-week high of $111.51.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. Fiserv had a net margin of 16.61% and a return on equity of 36.84%. The firm earned $1.38 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Fiserv’s revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Fiserv Inc. will post $4.45 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the stock. Jefferies Group upped their price objective on shares of Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Barclays PLC upped their price objective on shares of Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 3rd. Credit Suisse Group AG restated a “hold” rating and issued a $101.00 price objective on shares of Fiserv in a report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Finally, Deutsche Bank AG upped their price objective on shares of Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $107.35.

In other Fiserv news, insider Devin Mcgranahan purchased 15,000 shares of Fiserv stock in a transaction on Wednesday, November 2nd. The shares were purchased at an average cost of $99.21 per share, with a total value of $1,488,150.00. Following the completion of the transaction, the insider now directly owns 25,155 shares in the company, valued at approximately $2,495,627.55. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $102.45, for a total transaction of $1,229,400.00. Following the transaction, the insider now directly owns 302,194 shares in the company, valued at $30,959,775.30. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

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