Y.D. More Investments Ltd Boosts Position in Fiserv, Inc. $FISV

Y.D. More Investments Ltd raised its position in Fiserv, Inc. (NASDAQ:FISV) by 317.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,157 shares of the business services provider’s stock after acquiring an additional 6,202 shares during the quarter. Y.D. More Investments Ltd’s holdings in Fiserv were worth $1,406,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Fiserv in the 1st quarter worth approximately $1,722,584,000. JPMorgan Chase & Co. raised its position in Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. raised its position in Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after acquiring an additional 1,842,784 shares during the period. Swedbank AB boosted its stake in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after acquiring an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC bought a new stake in shares of Fiserv during the 1st quarter valued at $265,769,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of Fiserv stock opened at $63.42 on Friday. The firm has a market cap of $34.47 billion, a PE ratio of 9.80, a PEG ratio of 0.56 and a beta of 0.90. The stock has a 50 day moving average of $111.52 and a 200 day moving average of $141.93. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12 month low of $60.95 and a 12 month high of $238.59.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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 for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. On average, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, with a total value of $651,800.00. Following the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

FISV has been the topic of a number of recent research reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. BNP Paribas downgraded Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, November 5th. TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Thursday, October 30th. Compass Point lowered shares of Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a report on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded shares of Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $123.25.

Fiserv 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.