Inceptionr LLC Reduces Stake in Fiserv, Inc. $FISV

Inceptionr LLC lessened its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 29.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,895 shares of the business services provider’s stock after selling 2,478 shares during the period. Inceptionr LLC’s holdings in Fiserv were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FISV. Nuveen LLC purchased a new position in Fiserv during the first quarter worth about $1,722,584,000. JPMorgan Chase & Co. grew its stake in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after buying an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after buying an additional 1,842,784 shares during the last quarter. Swedbank AB raised its position in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after buying an additional 1,247,801 shares during the period. Finally, GQG Partners LLC acquired a new position in Fiserv in the first quarter valued at approximately $265,769,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the transaction, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and issued a $91.00 price objective on shares of Fiserv in a report on Thursday, October 30th. TD Cowen lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Hold” and an average price target of $121.08.

Fiserv Stock Up 0.1%

Shares of FISV opened at $60.80 on Thursday. The company’s 50-day simple moving average is $99.82 and its 200-day simple moving average is $135.06. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The stock has a market capitalization of $33.05 billion, a PE ratio of 9.40, a P/E/G ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. The firm had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.