Fiserv, Inc. $FISV Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its stake in Fiserv, Inc. (NASDAQ:FISV) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,100 shares of the business services provider’s stock after acquiring an additional 1,200 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Fiserv were worth $1,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management lifted its holdings in Fiserv by 3,150.0% in the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Fiserv in the second quarter valued at approximately $34,000. Christopher J. Hasenberg Inc raised its position in shares of Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Fiserv by 178.9% during the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the period. Finally, Saudi Central Bank acquired a new stake in Fiserv during the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $60.80 on Thursday. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. 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 1.09. The stock’s 50-day moving average is $99.82 and its 200-day moving average is $135.06.

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

Wall Street Analyst Weigh In

FISV has been the subject of several analyst reports. Morgan Stanley downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target for the company. in a report on Friday, November 14th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane reiterated a “neutral” rating and set a $62.00 target price on shares of Fiserv in a research report on Wednesday, November 5th. Oppenheimer restated an “outperform” rating and issued a $91.00 price target on shares of Fiserv in a report on Thursday, October 30th. Finally, Sanford C. Bernstein downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $121.08.

Insider Transactions at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was bought 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 in the company, valued at $852,945.48. This represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.