Handelsbanken Fonder AB Has $8.64 Million Stake in Fiserv, Inc. $FISV

Handelsbanken Fonder AB raised its stake in Fiserv, Inc. (NASDAQ:FISV) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,106 shares of the business services provider’s stock after acquiring an additional 25,477 shares during the period. Handelsbanken Fonder AB’s holdings in Fiserv were worth $8,638,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Chicago Capital LLC bought a new position in Fiserv during the 4th quarter valued at about $1,316,000. Robeco Institutional Asset Management B.V. acquired a new position in Fiserv in the fourth quarter valued at about $4,127,000. KLP Kapitalforvaltning AS bought a new stake in Fiserv during the fourth quarter worth about $14,907,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $1,996,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $6,589,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $51.95 per share, with a total value of $519,500.00. Following the purchase, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FISV shares. Weiss Ratings lowered Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $65.00 price objective (down from $75.00) on shares of Fiserv in a research report on Friday, August 7th. Robert W. Baird set a $78.00 price objective on Fiserv in a research note on Wednesday, May 6th. Stephens restated an “equal weight” rating and set a $57.00 target price on shares of Fiserv in a report on Tuesday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Six research analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Hold” and a consensus price target of $74.17.

Fiserv Stock Performance

Shares of Fiserv stock opened at $55.50 on Friday. The firm has a fifty day moving average of $51.47 and a two-hundred day moving average of $56.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 1.04. The stock has a market capitalization of $29.51 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 3.88 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $47.04 and a 52 week high of $140.42.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The firm’s revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts predict that Fiserv, Inc. will post 7.26 EPS for the current year.

About Fiserv

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.