BlueCrest Capital Management Ltd Makes New $30.85 Million Investment in Fiserv, Inc. $FISV

BlueCrest Capital Management Ltd acquired a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 178,914 shares of the business services provider’s stock, valued at approximately $30,847,000. Fiserv accounts for about 1.2% of BlueCrest Capital Management Ltd’s portfolio, making the stock its 12th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. E Fund Management Co. Ltd. lifted its position in shares of Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares in the last quarter. SageView Advisory Group LLC raised its stake in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares during the period. 17 Capital Partners LLC lifted its holdings in Fiserv by 0.9% during the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock valued at $1,659,000 after purchasing an additional 70 shares in the last quarter. Abacus Wealth Partners LLC boosted its position in shares of Fiserv by 1.6% in the second quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock worth $794,000 after purchasing an additional 72 shares during the period. Finally, ICW Investment Advisors LLC boosted its position in shares of Fiserv by 0.7% in the first quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock worth $2,351,000 after purchasing an additional 77 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.9%

FISV stock opened at $68.75 on Friday. The firm has a market cap of $37.37 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.62 and a beta of 0.80. The firm has a fifty day moving average price of $84.45 and a 200 day moving average price of $126.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS 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. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $180.00 target price on shares of Fiserv in a research note on Wednesday, October 29th. TD Cowen lowered Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Thursday, October 30th. The Goldman Sachs Group downgraded Fiserv from a “buy” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $79.00 in a research note on Thursday, October 30th. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $121.08.

Insiders Place Their Bets

In related news, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the acquisition, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 34,900 shares of company stock valued at $2,211,971 over the last ninety days. 1.00% of the stock is owned by insiders.

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.