Carlson Capital L.P. Buys Shares of 3,600 Fiserv, Inc. $FISV

Carlson Capital L.P. bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,600 shares of the business services provider’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FISV. Brighton Jones LLC increased its holdings in Fiserv by 91.9% in the fourth 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 period. Bison Wealth LLC grew its position in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the last quarter. Picton Mahoney Asset Management increased its stake in shares of Fiserv by 84,383.3% in the first quarter. Picton Mahoney Asset Management now owns 5,069 shares of the business services provider’s stock valued at $1,119,000 after buying an additional 5,063 shares during the period. Meeder Asset Management Inc. raised its position in shares of Fiserv by 11.7% during the first quarter. Meeder Asset Management Inc. now owns 1,504 shares of the business services provider’s stock worth $332,000 after acquiring an additional 158 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fiserv during the first quarter worth about $3,938,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FISV has been the subject of a number of recent analyst reports. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Seaport Res Ptn lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. BNP Paribas downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Wednesday, November 5th. B. Riley lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Finally, BNP Paribas Exane reiterated a “neutral” rating and set a $62.00 price target on shares of Fiserv in a report on Wednesday, November 5th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Insiders Place Their Bets

In other news, Director Lance M. Fritz purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the purchase, the director owned 13,086 shares in the company, valued at $852,945.48. This represents 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. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Up 0.1%

Shares of NASDAQ FISV opened at $60.80 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $33.05 billion, a PE ratio of 9.40, a P/E/G ratio of 0.56 and a beta of 0.90. The company’s fifty day simple moving average is $99.82 and its 200 day simple moving average is $135.06. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results 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%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

About Fiserv

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.