TIG Advisors LLC Takes $4.37 Million Position in Fiserv Inc (NASDAQ:FISV)

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TIG Advisors LLC acquired a new stake in Fiserv Inc (NASDAQ:FISV) in the second quarter, HoldingsChannel reports. The firm acquired 47,950 shares of the business services provider’s stock, valued at approximately $4,371,000.

Several other large investors have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI raised its position in shares of Fiserv by 79.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 115,071 shares of the business services provider’s stock valued at $10,490,000 after buying an additional 50,887 shares during the last quarter. Morgan Stanley raised its position in shares of Fiserv by 19.4% in the second quarter. Morgan Stanley now owns 935,831 shares of the business services provider’s stock valued at $85,310,000 after buying an additional 151,758 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Fiserv by 7.2% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 25,167 shares of the business services provider’s stock valued at $2,294,000 after buying an additional 1,691 shares during the last quarter. PointState Capital LP raised its position in shares of Fiserv by 33.1% in the second quarter. PointState Capital LP now owns 1,311,661 shares of the business services provider’s stock valued at $119,571,000 after buying an additional 326,236 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its position in shares of Fiserv by 695.4% in the second quarter. Balyasny Asset Management LLC now owns 305,335 shares of the business services provider’s stock valued at $27,834,000 after buying an additional 266,949 shares during the last quarter.

A number of equities research analysts recently issued reports on FISV shares. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Susquehanna Bancshares started coverage on shares of Fiserv in a report on Friday, May 31st. They issued a “neutral” rating and a $95.00 target price for the company. Northcoast Research upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 target price for the company in a report on Wednesday, June 26th. Finally, BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $102.88.

Shares of Fiserv stock traded down $0.04 during trading on Friday, hitting $104.87. 160,206 shares of the stock were exchanged, compared to its average volume of 3,304,168. The stock’s fifty day moving average is $105.49 and its 200 day moving average is $93.07. The stock has a market cap of $41.19 billion, a PE ratio of 33.82, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $109.92.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Sell-side analysts anticipate that Fiserv Inc will post 3.83 EPS for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $94.25, for a total value of $1,885,000.00. Following the completion of the transaction, the insider now owns 331,429 shares in the company, valued at approximately $31,237,183.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher M. Foskett sold 5,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the transaction, the executive vice president now owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The disclosure for this sale can be found here. Insiders have sold 116,000 shares of company stock valued at $12,121,250 in the last 90 days. Insiders own 1.40% of the company’s stock.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv Inc (NASDAQ:FISV).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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