Boston Partners Reduces Position in Fiserv, Inc. $FISV

Boston Partners cut its stake in Fiserv, Inc. (NASDAQ:FISV) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,666 shares of the business services provider’s stock after selling 1,825 shares during the quarter. Boston Partners’ holdings in Fiserv were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FISV. E Fund Management Co. Ltd. lifted its stake in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after purchasing an additional 55 shares during the period. LaSalle St. Investment Advisors LLC lifted its position in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 62 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in Fiserv by 4.0% in the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after purchasing an additional 62 shares in the last quarter. 17 Capital Partners LLC boosted its position in shares of Fiserv by 0.9% during the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock worth $1,659,000 after acquiring an additional 70 shares during the last quarter. Finally, Hemington Wealth Management boosted its holdings in shares of Fiserv by 8.3% during the 1st quarter. Hemington Wealth Management now owns 936 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.1%

Shares of NASDAQ FISV opened at $61.47 on Friday. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The firm has a market capitalization of $33.41 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.56 and a beta of 0.90. The stock has a 50 day moving average price of $96.97 and a 200 day moving average price of $133.27. 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 issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

FISV has been the subject of a number of recent research reports. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Wednesday, November 5th. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Seaport Res Ptn cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, B. Riley lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Eleven investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.08.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost 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 $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by 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.