Thrivent Financial For Lutherans Has $911,000 Stake in Fiserv, Inc. (FISV)

Thrivent Financial For Lutherans increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 7,900 shares of the business services provider’s stock after buying an additional 380 shares during the period. Thrivent Financial For Lutherans’ holdings in Fiserv were worth $911,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in shares of Fiserv by 20.4% in the first quarter. Teacher Retirement System of Texas now owns 94,944 shares of the business services provider’s stock valued at $10,948,000 after buying an additional 16,061 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Fiserv by 5.1% in the first quarter. Legal & General Group Plc now owns 1,130,357 shares of the business services provider’s stock valued at $130,349,000 after buying an additional 54,625 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Fiserv by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 86,402 shares of the business services provider’s stock valued at $9,962,000 after buying an additional 286 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Fiserv by 282.4% in the first quarter. WINTON GROUP Ltd now owns 345,463 shares of the business services provider’s stock valued at $34,363,000 after buying an additional 255,125 shares in the last quarter. Finally, Weatherstone Capital Management raised its stake in shares of Fiserv by 3.4% in the first quarter. Weatherstone Capital Management now owns 2,255 shares of the business services provider’s stock valued at $260,000 after buying an additional 75 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Fiserv, Inc. (NASDAQ:FISV) opened at 122.77 on Monday. The company’s 50-day moving average is $123.39 and its 200 day moving average is $115.65. The stock has a market cap of $26.07 billion, a PE ratio of 30.67 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $127.10.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. On average, analysts expect that Fiserv, Inc. will post $5.12 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Cantor Fitzgerald reiterated a “hold” rating and issued a $118.00 target price on shares of Fiserv in a research note on Tuesday, June 20th. Robert W. Baird reiterated an “outperform” rating and issued a $134.00 target price (up previously from $128.00) on shares of Fiserv in a research note on Wednesday, June 14th. Wedbush reiterated an “outperform” rating and issued a $146.25 target price (up previously from $115.00) on shares of Fiserv in a research note on Tuesday, June 6th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $116.00 target price on shares of Fiserv in a research note on Friday, April 28th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $119.25.

In related news, insider Jeffery W. Yabuki sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total value of $1,745,700.00. Following the completion of the sale, the insider now directly owns 339,151 shares of the company’s stock, valued at approximately $39,470,393.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the sale, the insider now directly owns 303,151 shares of the company’s stock, valued at $37,912,064.06. The disclosure for this sale can be found here. Insiders sold a total of 51,000 shares of company stock valued at $6,183,550 over the last three months. 1.90% of the stock is currently owned by 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.

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)

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