Asset Management One Co. Ltd. Purchases 448 Shares of Fiserv, Inc. (NASDAQ:FISV)

Asset Management One Co. Ltd. increased its position in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,967 shares of the business services provider’s stock after purchasing an additional 448 shares during the period. Asset Management One Co. Ltd.’s holdings in Fiserv were worth $24,512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of FISV. Atlas Capital Advisors LLC lifted its stake in shares of Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares during the period. Legacy CG LLC purchased a new stake in Fiserv in the 2nd quarter worth approximately $28,000. MV Capital Management Inc. increased its holdings in Fiserv by 58.8% in the 3rd quarter. MV Capital Management Inc. now owns 308 shares of the business services provider’s stock worth $29,000 after acquiring an additional 114 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in Fiserv in the 2nd quarter worth approximately $35,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in Fiserv by 1,025.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 450 shares of the business services provider’s stock valued at $40,000 after buying an additional 410 shares in the last quarter. Institutional investors own 88.79% of the company’s stock.

Fiserv Trading Down 1.7 %

Shares of NASDAQ:FISV opened at $103.71 on Wednesday. Fiserv, Inc. has a 12-month low of $87.03 and a 12-month high of $110.94. The company has a market capitalization of $65.86 billion, a PE ratio of 32.51, a PEG ratio of 1.13 and a beta of 0.87. The business has a 50 day moving average of $101.51 and a two-hundred day moving average of $101.23. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67.

Fiserv (NASDAQ:FISVGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.27 billion. Fiserv had a net margin of 11.98% and a return on equity of 12.74%. As a group, analysts forecast that Fiserv, Inc. will post 6.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FISV. William Blair reiterated an “outperform” rating on shares of Fiserv in a research report on Thursday, October 27th. Citigroup decreased their target price on Fiserv from $122.00 to $115.00 in a research report on Friday, October 28th. Morgan Stanley lifted their target price on Fiserv from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 18th. Credit Suisse Group decreased their target price on Fiserv from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Moffett Nathanson cut their price target on Fiserv to $140.00 in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average price target of $120.70.

Insider Activity

In other news, Director Holdings L.P. Valueact sold 1,060,030 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $102.23, for a total value of $108,366,866.90. Following the completion of the sale, the director now directly owns 13,587,746 shares in the company, valued at $1,389,075,273.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Holdings L.P. Valueact sold 1,060,030 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $102.23, for a total transaction of $108,366,866.90. Following the completion of the sale, the director now directly owns 13,587,746 shares in the company, valued at $1,389,075,273.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 1,063 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $105.03, for a total value of $111,646.89. Following the sale, the chief operating officer now owns 201,623 shares of the company’s stock, valued at $21,176,463.69. The disclosure for this sale can be found here. Insiders sold 1,747,594 shares of company stock worth $178,182,913 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Fiserv Profile

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Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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