Toronto Dominion Bank raised its stake in Fiserv Inc (NASDAQ:FISV) by 15.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,091 shares of the business services provider’s stock after buying an additional 34,640 shares during the period. Toronto Dominion Bank owned approximately 0.07% of Fiserv worth $22,778,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of Fiserv during the 4th quarter valued at $27,000. Sontag Advisory LLC bought a new stake in shares of Fiserv in the 4th quarter worth about $27,000. Destination Wealth Management bought a new stake in shares of Fiserv in the 4th quarter worth about $30,000. JOYN Advisors Inc. increased its position in shares of Fiserv by 80.0% in the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after purchasing an additional 180 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC bought a new stake in shares of Fiserv in the 4th quarter worth about $31,000. 94.99% of the stock is owned by institutional investors.

In related news, Director Kim M. Robak sold 10,904 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the completion of the sale, the director now directly owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $85.49, for a total value of $1,709,800.00. The disclosure for this sale can be found here. Insiders sold a total of 127,912 shares of company stock valued at $10,856,871 over the last three months. 1.40% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on FISV shares. Buckingham Research started coverage on shares of Fiserv in a research report on Thursday, February 7th. They issued a “buy” rating and a $100.00 target price for the company. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Moffett Nathanson started coverage on shares of Fiserv in a research report on Tuesday. They set a “buy” rating and a $108.00 price objective for the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $83.00 price objective on shares of Fiserv in a research report on Friday, February 8th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $85.21 price objective on shares of Fiserv in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Buy” and an average price target of $89.59.

Shares of FISV traded down $2.82 during trading hours on Thursday, reaching $86.78. The stock had a trading volume of 107,430 shares, compared to its average volume of 4,273,275. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $91.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. The stock has a market cap of $34.70 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.13 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. Fiserv’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, analysts expect that Fiserv Inc will post 3.46 EPS for the current year.

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.