Fiserv, Inc. $FISV Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in Fiserv, Inc. (NASDAQ:FISV) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,476 shares of the business services provider’s stock after buying an additional 1,088 shares during the period. Advisors Asset Management Inc.’s holdings in Fiserv were worth $11,634,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. E Fund Management Co. Ltd. raised its stake in shares of Fiserv by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 55 shares during the period. LaSalle St. Investment Advisors LLC grew its holdings in Fiserv by 5.1% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after purchasing an additional 62 shares in the last quarter. SageView Advisory Group LLC increased its stake in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after buying an additional 62 shares during the period. Howland Capital Management LLC lifted its holdings in Fiserv by 0.5% in the 1st quarter. Howland Capital Management LLC now owns 13,874 shares of the business services provider’s stock worth $3,064,000 after buying an additional 64 shares in the last quarter. Finally, 17 Capital Partners LLC lifted its holdings in Fiserv by 0.9% in the 1st quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after buying an additional 70 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Seaport Res Ptn lowered Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Jefferies Financial Group dropped their price objective on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Argus restated a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $123.25.

Insider Buying and Selling

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

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $60.67 on Tuesday. The company has a market cap of $32.98 billion, a PE ratio of 9.38, a P/E/G ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The firm has a 50-day simple moving average of $102.72 and a 200 day simple moving average of $136.45. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

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

Fiserv Company 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.