American Century Companies Inc. Has $164.97 Million Stock Holdings in Fiserv, Inc. $FISV

American Century Companies Inc. trimmed its position in Fiserv, Inc. (NASDAQ:FISV) by 26.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 956,840 shares of the business services provider’s stock after selling 344,060 shares during the quarter. American Century Companies Inc. owned approximately 0.18% of Fiserv worth $164,969,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in shares of Fiserv in the second quarter worth $2,320,000. Sowell Financial Services LLC lifted its position in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after purchasing an additional 314 shares in the last quarter. Factory Mutual Insurance Co. lifted its position in shares of Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. boosted its holdings in shares of Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC purchased a new position in Fiserv during the second quarter valued at approximately $759,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 1.8%

Shares of FISV stock opened at $60.84 on Monday. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The stock has a fifty day moving average price of $104.16 and a 200 day moving average price of $137.30. The stock has a market cap of $33.07 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on FISV. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Citigroup dropped their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. BTIG Research reiterated a “buy” rating and set a $180.00 price target on shares of Fiserv in a report on Wednesday, October 29th. Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their target price on Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.25.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

About Fiserv

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.