Artisan Partners Limited Partnership Sells 12,634 Shares of Fiserv, Inc. $FISV

Artisan Partners Limited Partnership trimmed its holdings in Fiserv, Inc. (NASDAQ:FISV) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 618,331 shares of the business services provider’s stock after selling 12,634 shares during the quarter. Artisan Partners Limited Partnership owned about 0.11% of Fiserv worth $106,606,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management grew its stake in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the period. Hager Investment Management Services LLC purchased a new stake in Fiserv in the second quarter worth approximately $34,000. Christopher J. Hasenberg Inc grew its position in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Armstrong Advisory Group Inc. raised its stake in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. Finally, Saudi Central Bank bought a new position in shares of Fiserv during the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

FISV opened at $61.17 on Thursday. The firm has a market cap of $33.25 billion, a P/E ratio of 9.45, a PEG ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 1-year low of $60.38 and a 1-year high of $238.59. The company has a 50 day simple moving average of $107.15 and a two-hundred day simple moving average of $139.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. KeyCorp lowered Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Mizuho set a $145.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research report on Tuesday, October 28th. BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.25.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.