CX Institutional Grows Stock Holdings in Fiserv, Inc. $FISV

CX Institutional grew its position in Fiserv, Inc. (NASDAQ:FISV) by 28.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,172 shares of the business services provider’s stock after buying an additional 13,075 shares during the quarter. CX Institutional’s holdings in Fiserv were worth $7,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Fiserv in the 2nd quarter valued at about $1,252,260,000. Amundi boosted its stake in shares of Fiserv by 27.2% in the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after purchasing an additional 807,916 shares during the period. Legal & General Group Plc grew its holdings in shares of Fiserv by 1.1% in the second quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock valued at $604,486,000 after purchasing an additional 39,036 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Fiserv by 1.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,811,906 shares of the business services provider’s stock worth $484,801,000 after buying an additional 35,524 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Fiserv by 34.7% during the 2nd quarter. Franklin Resources Inc. now owns 2,641,827 shares of the business services provider’s stock worth $455,478,000 after buying an additional 680,743 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd acquired 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 34,900 shares of company stock worth $2,211,971. 1.00% of the stock is currently owned by insiders.

Fiserv Stock Down 0.0%

Fiserv stock opened at $68.75 on Thursday. The company has a market capitalization of $37.37 billion, a P/E ratio of 10.63, a PEG ratio of 2.76 and a beta of 0.80. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The stock has a 50-day simple moving average of $65.20 and a 200-day simple moving average of $114.23. 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 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 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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FISV shares. BNP Paribas Exane restated a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research note on Thursday, October 16th. Keefe, Bruyette & Woods reduced their price target on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Citigroup lowered their price objective on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Fiserv in a report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $114.42.

About Fiserv

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.