Jones Financial Companies Lllp Acquires 25,987 Shares of Fiserv, Inc. $FISV

Jones Financial Companies Lllp raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,775 shares of the business services provider’s stock after buying an additional 25,987 shares during the quarter. Jones Financial Companies Lllp’s holdings in Fiserv were worth $27,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Fiserv during the second quarter valued at approximately $1,252,260,000. Marshall Wace LLP acquired a new stake in Fiserv in the second quarter worth $356,643,000. Worldquant Millennium Advisors LLC boosted its position in shares of Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock worth $171,215,000 after purchasing an additional 948,634 shares in the last quarter. Baupost Group LLC MA acquired a new position in shares of Fiserv in the 2nd quarter valued at $154,307,000. Finally, Amundi increased its position in shares of Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after buying an additional 807,916 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FISV shares. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $149.00 to $79.00 in a research report on Thursday, October 30th. Morgan Stanley downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 target price on the stock. in a report on Friday, November 14th. B. Riley reduced their price target on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Finally, Jefferies Financial Group increased their price objective on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. Ten research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $113.34.

Fiserv Stock Down 7.7%

NASDAQ:FISV opened at $58.12 on Wednesday. Fiserv, Inc. has a twelve month low of $57.79 and a twelve month high of $238.59. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $66.33 and its two-hundred day moving average price is $99.87.

Fiserv Profile

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.