Asset Management One Co. Ltd. Has $24.51 Million Stake in Fiserv, Inc. (NASDAQ:FISV)

Asset Management One Co. Ltd. raised its position in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,967 shares of the business services provider’s stock after acquiring an additional 448 shares during the period. Asset Management One Co. Ltd.’s holdings in Fiserv were worth $24,512,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Peddock Capital Advisors LLC increased its holdings in shares of Fiserv by 0.4% during the second quarter. Peddock Capital Advisors LLC now owns 26,458 shares of the business services provider’s stock worth $2,354,000 after buying an additional 97 shares in the last quarter. Kinneret Advisory LLC increased its stake in Fiserv by 2.2% in the 2nd quarter. Kinneret Advisory LLC now owns 4,651 shares of the business services provider’s stock valued at $414,000 after buying an additional 98 shares during the last quarter. Cadence Bank increased its stake in shares of Fiserv by 0.6% during the 2nd quarter. Cadence Bank now owns 16,061 shares of the business services provider’s stock worth $1,429,000 after purchasing an additional 98 shares during the last quarter. Beta Wealth Group Inc. increased its stake in shares of Fiserv by 3.0% during the 2nd quarter. Beta Wealth Group Inc. now owns 3,400 shares of the business services provider’s stock worth $302,000 after purchasing an additional 100 shares during the last quarter. Finally, Smith Moore & CO. grew its stake in Fiserv by 2.4% in the 2nd quarter. Smith Moore & CO. now owns 4,232 shares of the business services provider’s stock valued at $377,000 after buying an additional 100 shares during the last quarter. 88.79% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In other Fiserv news, CRO Christopher M. Foskett sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $101.31, for a total transaction of $405,240.00. Following the transaction, the executive now owns 99,094 shares in the company, valued at approximately $10,039,213.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CRO Christopher M. Foskett sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $101.31, for a total value of $405,240.00. Following the transaction, the executive now directly owns 99,094 shares of the company’s stock, valued at $10,039,213.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Guy Chiarello sold 1,063 shares of the firm’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $105.03, for a total transaction 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. In the last quarter, insiders sold 1,747,594 shares of company stock valued at $178,182,913. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $103.71 on Wednesday. The company has a market capitalization of $65.86 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 1.13 and a beta of 0.87. 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, Inc. has a 12 month low of $87.03 and a 12 month high of $110.94. The firm’s 50-day moving average is $101.51 and its 200 day moving average is $101.23.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FISV. Citigroup cut their price target on shares of Fiserv from $122.00 to $115.00 in a report on Friday, October 28th. Morgan Stanley increased their target price on shares of Fiserv from $106.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 18th. Barclays dropped their price objective on shares of Fiserv from $128.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday. Credit Suisse Group dropped their price target on shares of Fiserv from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Atlantic Securities downgraded Fiserv from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $130.00 to $105.00 in a research note on Wednesday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $120.70.

Fiserv Company 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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