Fiserv, Inc. $FISV Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 16.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,216 shares of the business services provider’s stock after purchasing an additional 17,372 shares during the quarter. Penserra Capital Management LLC’s holdings in Fiserv were worth $15,498,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in Fiserv in the second quarter valued at approximately $34,000. Clear Street LLC purchased a new position in shares of Fiserv during the 2nd quarter valued at approximately $34,000. Sound Income Strategies LLC purchased a new position in shares of Fiserv during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC grew its stake in Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 225 shares during the period. Finally, Golden State Wealth Management LLC increased its holdings in Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after acquiring an additional 221 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased 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 of the company’s stock, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FISV has been the topic of several research analyst reports. Seaport Research Partners lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Tigress Financial set a $95.00 price target on shares of Fiserv and gave the company a “buy” rating in a research note on Wednesday, December 31st. Jefferies Financial Group boosted their price objective on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research report on Thursday, October 16th. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.34.

Fiserv Stock Performance

Shares of Fiserv stock opened at $59.72 on Thursday. The business’s 50 day moving average price is $66.31 and its 200 day moving average price is $99.59. The company has a market cap of $32.46 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 3.33 and a beta of 0.78. 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 one year low of $57.79 and a one year high of $238.59.

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.