Brevan Howard Capital Management LP Makes New Investment in Fiserv, Inc. $FISV

Brevan Howard Capital Management LP bought a new stake in shares of Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 166,154 shares of the business services provider’s stock, valued at approximately $28,647,000.

Several other hedge funds have also made changes to their positions in FISV. Norges Bank acquired a new stake in Fiserv in the second quarter worth $1,252,260,000. Alliancebernstein L.P. grew its position in shares of Fiserv by 5.3% during the first quarter. Alliancebernstein L.P. now owns 5,724,666 shares of the business services provider’s stock worth $1,264,178,000 after acquiring an additional 287,420 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Fiserv by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider’s stock worth $1,055,301,000 after acquiring an additional 190,527 shares during the period. Amundi boosted its stake in Fiserv by 27.2% during the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after purchasing an additional 807,916 shares during the period. Finally, Legal & General Group Plc grew its position in Fiserv by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after purchasing an additional 39,036 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FISV. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings downgraded Fiserv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Argus reissued a “hold” rating on shares of Fiserv in a research note on Thursday, October 30th. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a research note on Wednesday, October 29th. Finally, Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $205.00 to $80.00 in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.08.

Insider Buying and Selling

In related news, insider Adam L. Rosman acquired 7,900 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 34,900 shares of company stock valued at $2,211,971. 1.00% of the stock is owned by corporate insiders.

Fiserv Stock Up 0.9%

FISV stock opened at $68.75 on Friday. The firm has a market cap of $37.37 billion, a PE ratio of 10.63, a P/E/G ratio of 2.62 and a beta of 0.80. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50 day simple moving average of $84.45 and a 200 day simple moving average of $126.57.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. Equities research 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.