Meeder Asset Management Inc. Has $66,000 Stake in Fiserv Inc (NASDAQ:FISV)

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Meeder Asset Management Inc. lifted its position in shares of Fiserv Inc (NASDAQ:FISV) by 5,507.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 729 shares of the business services provider’s stock after acquiring an additional 716 shares during the quarter. Meeder Asset Management Inc.’s holdings in Fiserv were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Close Asset Management Ltd increased its position in Fiserv by 3.6% in the 2nd quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock valued at $100,972,000 after buying an additional 38,799 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Fiserv by 556.0% in the 2nd quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock worth $310,000 after buying an additional 2,880 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Fiserv by 3.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock worth $4,018,000 after buying an additional 1,539 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Fiserv by 9,000.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 546 shares of the business services provider’s stock worth $50,000 after buying an additional 540 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Fiserv in the 2nd quarter worth approximately $489,000. 87.43% of the stock is currently owned by institutional investors.

FISV opened at $106.10 on Wednesday. The stock has a market cap of $41.14 billion, a PE ratio of 34.23, a P/E/G ratio of 2.37 and a beta of 0.80. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv Inc has a 52 week low of $68.45 and a 52 week high of $108.57. The business’s fifty day simple moving average is $101.49 and its 200 day simple moving average is $90.81.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm’s 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. As a group, equities analysts anticipate that Fiserv Inc will post 3.68 earnings per share for the current year.

FISV has been the topic of a number of research analyst reports. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Berenberg Bank started coverage on Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Moffett Nathanson started coverage on Fiserv in a research note on Tuesday, May 21st. They issued a “buy” rating and a $108.00 price objective on the stock. Wells Fargo & Co started coverage on Fiserv in a research note on Wednesday, June 19th. They issued an “outperform” rating and a $110.00 price objective on the stock. Finally, Northcoast Research upgraded Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price objective on the stock in a research note on Wednesday, June 26th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Fiserv presently has a consensus rating of “Buy” and a consensus target price of $97.88.

In other Fiserv news, Chairman Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the sale, the chairman now directly owns 291,429 shares in the company, valued at $31,314,046.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $103.20, for a total transaction of $2,064,000.00. Following the sale, the chairman now owns 330,629 shares of the company’s stock, valued at $34,120,912.80. The disclosure for this sale can be found here. In the last three months, insiders sold 85,000 shares of company stock worth $8,419,850. 1.40% of the stock is owned by insiders.

Fiserv Company 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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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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