Amundi Grows Stock Holdings in Fiserv, Inc. $FISV

Amundi boosted its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 27.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,781,665 shares of the business services provider’s stock after purchasing an additional 807,916 shares during the period. Amundi owned about 0.70% of Fiserv worth $652,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its holdings in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after buying an additional 126 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Fiserv in the second quarter worth $34,000. Christopher J. Hasenberg Inc increased its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 136 shares during the period. Finally, Saudi Central Bank purchased a new position in Fiserv in the first quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price target for the company. in a research report on Wednesday, October 29th. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. BNP Paribas cut 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. The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $149.00 to $79.00 in a research note on Thursday, October 30th. Finally, Morgan Stanley downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective for the company. in a research report on Friday, November 14th. Ten research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus target price of $121.08.

Fiserv Price Performance

NASDAQ:FISV opened at $66.06 on Friday. The business’s 50-day simple moving average is $91.77 and its two-hundred day simple moving average is $130.57. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The stock has a market cap of $35.91 billion, a PE ratio of 10.21, a P/E/G ratio of 2.58 and a beta of 0.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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 firm had revenue of $4.32 billion during the quarter. As a group, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 34,900 shares of company stock valued at $2,211,971 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

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.