Marshall Wace LLP Invests $356.64 Million in Fiserv, Inc. $FISV

Marshall Wace LLP purchased a new stake in Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,068,575 shares of the business services provider’s stock, valued at approximately $356,643,000. Fiserv accounts for approximately 0.4% of Marshall Wace LLP’s investment portfolio, making the stock its 29th biggest position. Marshall Wace LLP owned 0.38% of Fiserv as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vise Technologies Inc. bought a new stake in shares of Fiserv in the 2nd quarter valued at approximately $2,320,000. Sowell Financial Services LLC grew its position in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock worth $610,000 after acquiring an additional 314 shares in the last quarter. Factory Mutual Insurance Co. increased its stake in shares of Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after purchasing an additional 16,500 shares during the last quarter. Dillon & Associates Inc. lifted its stake in shares of Fiserv by 9.1% in the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after purchasing an additional 7,419 shares during the last quarter. Finally, Ipsen Advisor Group LLC acquired a new stake in shares of Fiserv in the 2nd quarter valued at $759,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FISV has been the topic of several analyst reports. Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Royal Bank Of Canada set a $85.00 price objective on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 target price for the company. in a report on Thursday, October 30th. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Seaport Res Ptn cut shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $121.08.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 34,900 shares of company stock valued at $2,211,971. Company insiders own 1.00% of the company’s stock.

Fiserv Price Performance

Shares of FISV stock opened at $66.06 on Friday. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The company has a market capitalization of $35.91 billion, a P/E ratio of 10.21, a P/E/G ratio of 2.58 and a beta of 0.80. The stock has a 50 day moving average of $91.77 and a two-hundred day moving average of $130.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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.