Fiserv, Inc. (FISV) is Bishop Rock Capital L.P.’s 4th Largest Position

Bishop Rock Capital L.P. lowered its holdings in Fiserv, Inc. (NASDAQ:FISV) by 31.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,722 shares of the business services provider’s stock after selling 31,620 shares during the period. Fiserv makes up 6.4% of Bishop Rock Capital L.P.’s holdings, making the stock its 4th biggest holding. Bishop Rock Capital L.P.’s holdings in Fiserv were worth $8,991,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Roberts Glore & Co. Inc. IL grew its holdings in Fiserv by 0.6% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock worth $402,000 after acquiring an additional 20 shares in the last quarter. Burney Co. grew its holdings in Fiserv by 0.7% during the 2nd quarter. Burney Co. now owns 8,473 shares of the business services provider’s stock worth $1,030,000 after acquiring an additional 55 shares in the last quarter. Parallel Advisors LLC grew its holdings in Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Fiserv by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 15,492 shares of the business services provider’s stock worth $1,895,000 after acquiring an additional 85 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in Fiserv by 0.3% during the 2nd quarter. Norinchukin Bank The now owns 29,125 shares of the business services provider’s stock worth $3,563,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.

In related news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total transaction of $2,162,740.00. Following the completion of the sale, the insider now owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,124 shares of company stock valued at $5,316,303. Company insiders own 1.80% of the company’s stock.

Several research analysts have commented on FISV shares. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a report on Sunday, October 8th. Cowen reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Finally, BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fiserv presently has an average rating of “Hold” and a consensus target price of $130.41.

Fiserv, Inc. (NASDAQ:FISV) opened at $130.56 on Thursday. Fiserv, Inc. has a twelve month low of $102.60 and a twelve month high of $133.11. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $27,275.31, a price-to-earnings ratio of 26.88, a PEG ratio of 2.24 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. sell-side analysts expect that Fiserv, Inc. will post 5.08 earnings per share for the current year.

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About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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