Bank Julius Baer & Co. Ltd Zurich Reduces Holdings in Fiserv, Inc. $FISV

Bank Julius Baer & Co. Ltd Zurich lowered its position in Fiserv, Inc. (NASDAQ:FISV) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,063,084 shares of the business services provider’s stock after selling 66,655 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.20% of Fiserv worth $183,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FISV. Nuveen LLC bought a new position in Fiserv during the 1st quarter valued at about $1,722,584,000. JPMorgan Chase & Co. lifted its stake in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Fiserv by 939.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after buying an additional 1,842,784 shares during the period. Swedbank AB grew its stake in shares of Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after buying an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC bought a new position in shares of Fiserv during the first quarter valued at approximately $265,769,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was bought 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 of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on FISV. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Stephens downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price for the company. in a research report on Thursday, October 30th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. Morgan Stanley downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target on the stock. in a research note on Friday, November 14th. Finally, UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $123.25.

Fiserv Stock Up 1.8%

NASDAQ:FISV opened at $60.84 on Monday. 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, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The company has a 50-day moving average of $104.16 and a 200 day moving average of $137.30. The firm has a market cap of $33.07 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.32 billion during the quarter. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.