895,000 Shares in Fiserv, Inc. $FISV Acquired by Baupost Group LLC MA

Baupost Group LLC MA acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 895,000 shares of the business services provider’s stock, valued at approximately $154,307,000. Fiserv comprises 3.7% of Baupost Group LLC MA’s portfolio, making the stock its 11th biggest holding. Baupost Group LLC MA owned 0.16% of Fiserv at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FISV has been the subject of a number of research analyst reports. Raymond James Financial set a $167.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Friday, October 10th. BTIG Research restated a “buy” rating and set a $180.00 price target on shares of Fiserv in a report on Wednesday, October 29th. Susquehanna reaffirmed a “positive” rating and issued a $99.00 price objective (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fiserv in a research report on Monday. Finally, Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $121.08.

Fiserv Stock Up 0.3%

Shares of FISV opened at $66.28 on Friday. The firm has a fifty day moving average price of $90.51 and a 200-day moving average price of $129.85. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $36.03 billion, a P/E ratio of 10.24, a P/E/G ratio of 2.54 and a beta of 0.80. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59.

Fiserv (NASDAQ:FISV) last issued 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 for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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.