Freemont Management S.A. Acquires 22,600 Shares of Fiserv, Inc. $FI

Freemont Management S.A. boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 645.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,100 shares of the business services provider’s stock after acquiring an additional 22,600 shares during the period. Freemont Management S.A.’s holdings in Fiserv were worth $4,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Sowell Financial Services LLC lifted its holdings in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after acquiring an additional 314 shares during the period. Dillon & Associates Inc. increased its position in shares of Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after purchasing an additional 7,419 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider’s stock worth $257,000 after purchasing an additional 106 shares during the period. HORAN Wealth LLC purchased a new position in shares of Fiserv in the second quarter worth approximately $4,026,000. Finally, Ipsen Advisor Group LLC purchased a new position in shares of Fiserv in the second quarter worth approximately $759,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $63.60 on Friday. The firm’s fifty day moving average is $118.79 and its 200 day moving average is $146.71. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The company has a market cap of $34.21 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 52-week low of $60.95 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion for the quarter. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FI. Compass Point cut shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a report on Wednesday, October 29th. UBS Group set a $75.00 price objective on Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Susquehanna decreased their target price on Fiserv from $240.00 to $220.00 and set a “positive” rating on the stock in a report on Thursday, July 24th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fiserv in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $127.28.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.