Fiserv, Inc. $FISV is Bell Asset Management Ltd’s 10th Largest Position

Bell Asset Management Ltd lifted its position in Fiserv, Inc. (NASDAQ:FISV) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,028 shares of the business services provider’s stock after buying an additional 1,513 shares during the quarter. Fiserv makes up approximately 1.9% of Bell Asset Management Ltd’s portfolio, making the stock its 10th biggest holding. Bell Asset Management Ltd’s holdings in Fiserv were worth $8,798,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FISV. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC raised its position in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in Fiserv by 84,383.3% during the first quarter. Picton Mahoney Asset Management now owns 5,069 shares of the business services provider’s stock valued at $1,119,000 after buying an additional 5,063 shares during the period. Meeder Asset Management Inc. grew its position in Fiserv by 11.7% during the first quarter. Meeder Asset Management Inc. now owns 1,504 shares of the business services provider’s stock worth $332,000 after buying an additional 158 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Fiserv during the first quarter worth about $3,938,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FISV shares. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Wolfe Research reiterated a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. BNP Paribas Exane reissued a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a research note on Wednesday, November 5th. Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target on the stock. in a report on Friday, November 14th. Finally, Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $143.00 to $75.00 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares of the company’s stock, valued at $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 at the SEC website. Company insiders own 1.00% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $60.80 on Thursday. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a fifty day moving average of $99.82 and a 200-day moving average of $135.06. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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.