Persistent Asset Partners Ltd Makes New Investment in Fiserv, Inc. $FISV

Persistent Asset Partners Ltd acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,752 shares of the business services provider’s stock, valued at approximately $647,000.

Other large investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Fiserv in the 1st quarter valued at $1,722,584,000. JPMorgan Chase & Co. boosted its position in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of 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 valued at $351,550,000 after acquiring an additional 1,842,784 shares in the last quarter. Swedbank AB increased its position in Fiserv by 366.0% during the second 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 period. Finally, GQG Partners LLC bought a new position in Fiserv during the first quarter worth about $265,769,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Stephens downgraded shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price objective for the company. in a report on Thursday, October 30th. The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their price target for the company from $149.00 to $79.00 in a research report on Thursday, October 30th. Wall Street Zen downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Seaport Res Ptn cut Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $123.25.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction dated 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 purchase, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Fiserv Trading Down 1.7%

Shares of FISV stock opened at $63.42 on Friday. Fiserv, Inc. has a fifty-two week low of $60.95 and a fifty-two week high of $238.59. The stock’s fifty day moving average price is $111.52 and its two-hundred day moving average price is $141.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The company has a market cap of $34.47 billion, a PE ratio of 9.80, a P/E/G ratio of 0.56 and a beta of 0.90.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share 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%. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.