Svenska Handelsbanken AB publ Buys New Position in Fiserv, Inc. $FISV

Svenska Handelsbanken AB publ purchased a new position in Fiserv, Inc. (NASDAQ:FISV) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 200,000 shares of the business services provider’s stock, valued at approximately $25,786,000. Fiserv accounts for 9.0% of Svenska Handelsbanken AB publ’s holdings, making the stock its 7th largest position.

A number of other large investors also recently modified their holdings of FISV. Brighton Jones LLC raised its stake in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares during the period. Martingale Asset Management L P acquired a new position in shares of Fiserv during the first quarter valued at about $639,000. CW Advisors LLC raised its position in shares of Fiserv by 270.6% during the first quarter. CW Advisors LLC now owns 13,733 shares of the business services provider’s stock valued at $3,038,000 after buying an additional 10,027 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Fiserv by 178.1% in the first quarter. AlphaQuest LLC now owns 4,478 shares of the business services provider’s stock valued at $989,000 after buying an additional 2,868 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FISV stock opened at $67.94 on Monday. The stock’s fifty day simple moving average is $78.73 and its 200 day simple moving average is $122.79. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The firm has a market cap of $36.93 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 2.62 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

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

Wall Street Analysts Forecast Growth

FISV has been the topic of several research reports. Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research note on Thursday, October 30th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 price objective on shares of Fiserv in a report on Thursday, December 4th. BTIG Research restated a “buy” rating and issued a $180.00 target price on shares of Fiserv in a research note on Wednesday, October 29th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Fiserv in a research report on Wednesday, November 5th. Finally, Citigroup decreased their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Insider Buying and Selling

In other news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 34,900 shares of company stock worth $2,211,971 in the last quarter. 1.00% of the stock is owned by corporate insiders.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.