Fiserv, Inc. $FISV Shares Purchased by Boston Family Office LLC

Boston Family Office LLC boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 80.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,392 shares of the business services provider’s stock after buying an additional 5,990 shares during the quarter. Boston Family Office LLC’s holdings in Fiserv were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FISV. Nuveen LLC acquired a new stake in shares of Fiserv in the 1st quarter worth approximately $1,722,584,000. Norges Bank purchased a new stake in Fiserv during the second quarter worth $1,252,260,000. JPMorgan Chase & Co. boosted its position in Fiserv by 77.2% during 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 in the last quarter. Assenagon Asset Management S.A. grew its holdings in Fiserv by 939.0% in 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 purchasing an additional 1,842,784 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Fiserv by 366.0% in 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 in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

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 shares were purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FISV has been the topic of several recent research reports. UBS Group set a $75.00 price objective on shares of Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Thursday, October 30th. Argus reissued a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, BNP Paribas cut Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Wednesday, November 5th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.08.

Fiserv Stock Performance

FISV stock opened at $61.47 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The stock’s fifty day moving average is $96.97 and its two-hundred day moving average is $132.87. The stock 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. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data 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. On average, research analysts predict 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.