Brandes Investment Partners LP Boosts Stock Position in Fiserv, Inc. $FISV

Brandes Investment Partners LP lifted its position in Fiserv, Inc. (NASDAQ:FISV) by 26.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,166,009 shares of the business services provider’s stock after purchasing an additional 240,800 shares during the quarter. Fiserv comprises 1.8% of Brandes Investment Partners LP’s holdings, making the stock its 13th largest position. Brandes Investment Partners LP owned approximately 0.21% of Fiserv worth $201,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vise Technologies Inc. acquired a new stake in Fiserv during the 2nd quarter worth about $2,320,000. Sowell Financial Services LLC lifted its holdings in shares of Fiserv by 9.7% in the 2nd quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares during the period. Factory Mutual Insurance Co. boosted its stake in shares of Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. grew its holdings in Fiserv by 9.1% during the second quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after acquiring an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC purchased a new position in Fiserv during the second quarter valued at approximately $759,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective on the stock. in a research report on Thursday, October 30th. BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 target price on shares of Fiserv in a research note on Wednesday, November 5th. Citigroup lowered their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Jefferies Financial Group cut their price objective on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a report on Monday, November 24th. Finally, Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.08.

Fiserv Trading Up 2.0%

Shares of Fiserv stock opened at $62.69 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The firm has a market capitalization of $34.08 billion, a PE ratio of 9.69, a P/E/G ratio of 0.56 and a beta of 0.90. The firm’s 50-day moving average price is $95.61 and its 200 day moving average price is $132.20.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business 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 predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the purchase, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.