Public Sector Pension Investment Board Purchases 138,784 Shares of Fiserv, Inc. $FISV

Public Sector Pension Investment Board lifted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 23.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 719,564 shares of the business services provider’s stock after buying an additional 138,784 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.13% of Fiserv worth $124,060,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its position in shares of Fiserv by 5.3% during the fourth 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. HighTower Advisors LLC lifted its holdings in shares of Fiserv by 5.1% in the first quarter. HighTower Advisors LLC now owns 77,562 shares of the business services provider’s stock worth $17,128,000 after buying an additional 3,790 shares in the last quarter. Boston Partners boosted its position in shares of Fiserv by 93.0% during the first quarter. Boston Partners now owns 12,491 shares of the business services provider’s stock worth $2,758,000 after acquiring an additional 6,020 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in Fiserv by 123.1% during the first quarter. Vestmark Advisory Solutions Inc. now owns 3,052 shares of the business services provider’s stock valued at $674,000 after acquiring an additional 1,684 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of several research analyst reports. UBS Group set a $75.00 price target on shares of Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a research note on Thursday, October 16th. Finally, Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average price target of $121.08.

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 34,900 shares of company stock worth $2,211,971 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Fiserv Stock Up 0.9%

Shares of FISV opened at $68.75 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $84.45 and a 200 day moving average of $126.34. The company has a market cap of $37.37 billion, a PE ratio of 10.63, a P/E/G ratio of 2.65 and a beta of 0.80. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59.

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