Duncker Streett & Co. Inc. Has $3.53 Million Stake in Fiserv Inc (NASDAQ:FISV)

Duncker Streett & Co. Inc. trimmed its stake in shares of Fiserv Inc (NASDAQ:FISV) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,725 shares of the business services provider’s stock after selling 2,075 shares during the period. Duncker Streett & Co. Inc.’s holdings in Fiserv were worth $3,530,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FISV. Egerton Capital UK LLP acquired a new position in shares of Fiserv during the first quarter worth approximately $568,121,000. Lazard Asset Management LLC lifted its stake in Fiserv by 857.8% in the first quarter. Lazard Asset Management LLC now owns 3,493,843 shares of the business services provider’s stock valued at $308,435,000 after acquiring an additional 3,129,050 shares during the last quarter. Findlay Park Partners LLP lifted its stake in Fiserv by 144.4% in the first quarter. Findlay Park Partners LLP now owns 3,850,000 shares of the business services provider’s stock valued at $339,878,000 after acquiring an additional 2,275,000 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Fiserv by 50.9% in the first quarter. Janus Henderson Group PLC now owns 4,060,675 shares of the business services provider’s stock valued at $358,489,000 after acquiring an additional 1,370,268 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in Fiserv by 444.8% in the first quarter. Marshall Wace North America L.P. now owns 1,354,485 shares of the business services provider’s stock valued at $119,574,000 after acquiring an additional 1,105,887 shares during the last quarter. Institutional investors own 87.39% of the company’s stock.

NASDAQ:FISV opened at $104.32 on Friday. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $107.06. The company has a market capitalization of $41.13 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.51 and a beta of 0.80. The business’s 50-day simple moving average is $94.56. The company has a current ratio of 4.97, a quick ratio of 1.07 and a debt-to-equity ratio of 5.40.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Fiserv Inc will post 3.76 EPS for the current fiscal year.

In other Fiserv news, Chairman Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.20, for a total value of $2,064,000.00. Following the transaction, the chairman now directly owns 330,629 shares of the company’s stock, valued at approximately $34,120,912.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the completion of the transaction, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,000 shares of company stock worth $7,621,300. Insiders own 1.40% of the company’s stock.

A number of analysts have commented on FISV shares. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday. Wedbush increased their price objective on shares of Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Wells Fargo & Co began coverage on shares of Fiserv in a research report on Wednesday, June 19th. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Susquehanna Bancshares began coverage on shares of Fiserv in a research report on Friday, May 31st. They set a “neutral” rating and a $95.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have given a buy rating to the company. Fiserv presently has a consensus rating of “Buy” and a consensus target price of $97.75.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

See Also: How a Strangle Strategy is different from a Straddle Strategy

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)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.