Vanguard Group Inc. Has $8.61 Billion Stock Position in Fiserv, Inc. $FISV

Vanguard Group Inc. lessened its stake in Fiserv, Inc. (NASDAQ:FISV) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,948,369 shares of the business services provider’s stock after selling 131,165 shares during the quarter. Vanguard Group Inc. owned about 9.19% of Fiserv worth $8,611,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Activest Wealth Management grew its stake in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv during the 2nd quarter worth $34,000. Christopher J. Hasenberg Inc lifted its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after buying an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. boosted its position in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares during the last quarter. Finally, Saudi Central Bank acquired a new stake in shares of Fiserv in the 1st quarter valued at $49,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of FISV opened at $61.34 on Wednesday. The stock has a market cap of $33.34 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59. The stock’s 50-day moving average price is $108.57 and its two-hundred day moving average price is $139.91. 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 (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna reaffirmed a “positive” rating and set a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Seaport Res Ptn cut Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. B. Riley downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Citigroup lowered their price target on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average target price of $123.25.

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.