Distillate Capital Partners LLC Takes $19.24 Million Position in Fiserv, Inc. $FISV

Distillate Capital Partners LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 111,589 shares of the business services provider’s stock, valued at approximately $19,239,000.

Other institutional investors have also recently bought and sold shares of the company. Boston Family Office LLC raised its holdings in shares of Fiserv by 80.9% in the second quarter. Boston Family Office LLC now owns 13,392 shares of the business services provider’s stock valued at $2,309,000 after purchasing an additional 5,990 shares during the last quarter. Fisher Asset Management LLC increased its stake in Fiserv by 73.3% in the 2nd quarter. Fisher Asset Management LLC now owns 2,086 shares of the business services provider’s stock valued at $360,000 after buying an additional 882 shares during the last quarter. Edgestream Partners L.P. lifted its position in Fiserv by 3,580.3% during the 2nd quarter. Edgestream Partners L.P. now owns 39,085 shares of the business services provider’s stock worth $6,739,000 after buying an additional 38,023 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of Fiserv during the 2nd quarter worth about $23,609,000. Finally, First National Advisers LLC grew its holdings in shares of Fiserv by 12.0% in the 2nd quarter. First National Advisers LLC now owns 24,401 shares of the business services provider’s stock valued at $4,207,000 after acquiring an additional 2,608 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NASDAQ:FISV opened at $61.47 on Monday. The firm’s fifty day moving average price is $96.97 and its two-hundred day moving average price is $132.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The company has a market cap of $33.41 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business 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%. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho set a $145.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Tuesday, October 28th. The Goldman Sachs Group downgraded Fiserv from a “buy” rating to a “neutral” rating and cut their price objective for the company from $149.00 to $79.00 in a report on Thursday, October 30th. Compass Point downgraded shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price on the stock. in a report on Wednesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, BTIG Research reissued a “buy” rating and issued a $180.00 price objective on shares of Fiserv in a research report on Wednesday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.08.

Insider Activity at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated 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 completion of the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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.