China Universal Asset Management Co. Ltd. Sells 15,200 Shares of Fiserv, Inc. $FISV

China Universal Asset Management Co. Ltd. lowered its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 70.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,350 shares of the business services provider’s stock after selling 15,200 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Fiserv were worth $1,095,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in Fiserv during the second quarter worth about $2,320,000. Sowell Financial Services LLC raised its position 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 acquiring an additional 314 shares during the period. Factory Mutual Insurance Co. boosted its stake in Fiserv by 11.7% during the 2nd 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 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 valued at $15,234,000 after purchasing an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC bought a new stake in Fiserv in the second quarter valued at approximately $759,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Seaport Res Ptn cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. BNP Paribas Exane reiterated a “neutral” rating and set a $62.00 target price on shares of Fiserv in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday, October 16th. Mizuho set a $145.00 price target on Fiserv and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $205.00 to $80.00 in a research report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Fiserv has a consensus rating of “Hold” and an average price target of $121.08.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price 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. The trade was a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were bought 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 directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 34,900 shares of company stock valued at $2,211,971. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.9%

NASDAQ:FISV opened at $68.75 on Monday. The stock has a 50-day simple moving average of $84.45 and a 200 day simple moving average of $126.09. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The company has a market cap of $37.37 billion, a PE ratio of 10.63, a PEG ratio of 2.65 and a beta of 0.80. 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 (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The firm 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 expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.