Swiss National Bank Buys 86,300 Shares of Fiserv, Inc. $FISV

Swiss National Bank raised its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,690,886 shares of the business services provider’s stock after acquiring an additional 86,300 shares during the period. Swiss National Bank owned approximately 0.31% of Fiserv worth $291,526,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FISV. Prudential PLC boosted its stake in Fiserv by 251.6% in the 2nd quarter. Prudential PLC now owns 105,786 shares of the business services provider’s stock valued at $18,239,000 after purchasing an additional 75,695 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in shares of Fiserv by 236.6% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock worth $1,386,000 after buying an additional 5,649 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of Fiserv in the second quarter valued at about $1,707,000. Howe & Rusling Inc. grew its stake in shares of Fiserv by 1.7% in the second quarter. Howe & Rusling Inc. now owns 43,735 shares of the business services provider’s stock valued at $7,540,000 after acquiring an additional 711 shares in the last quarter. Finally, GDS Wealth Management increased its position in Fiserv by 4.0% during the second quarter. GDS Wealth Management now owns 81,283 shares of the business services provider’s stock worth $14,014,000 after acquiring an additional 3,134 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. UBS Group set a $75.00 price target on Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their target price on Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Keefe, Bruyette & Woods reduced their target price on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $123.25.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 2.3%

Shares of FISV opened at $59.77 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. Fiserv, Inc. has a 52-week low of $59.72 and a 52-week high of $238.59. The firm has a market cap of $32.49 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.56 and a beta of 0.90. The business’s fifty day moving average is $105.63 and its 200-day moving average is $138.81.

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