8,874 Shares in Fiserv, Inc. $FISV Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Fiserv, Inc. (NASDAQ:FISV) during the 2nd quarter, HoldingsChannel reports. The firm acquired 8,874 shares of the business services provider’s stock, valued at approximately $1,530,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Fiserv in the second quarter worth $1,252,260,000. Marshall Wace LLP purchased a new position in Fiserv in the second quarter valued at about $356,643,000. Assenagon Asset Management S.A. increased its position in Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after purchasing an additional 1,842,784 shares during the last quarter. Swedbank AB increased its position in Fiserv by 366.0% in the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after purchasing an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC purchased a new stake in shares of Fiserv during the 1st quarter worth about $265,769,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.7%

Fiserv stock opened at $66.21 on Wednesday. The firm has a market cap of $35.99 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 2.53 and a beta of 0.80. The firm has a fifty day moving average price of $87.96 and a two-hundred day moving average price of $128.04. Fiserv, Inc. has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data 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 business had revenue of $4.32 billion for the quarter. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Analyst Ratings Changes

FISV has been the subject of several recent research reports. Susquehanna reissued a “positive” rating and issued a $99.00 price target (down previously from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Jefferies Financial Group cut their price target on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Stephens cut 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. Finally, Truist Financial downgraded shares of Fiserv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $143.00 to $75.00 in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $121.08.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 34,900 shares of company stock worth $2,211,971 over the last three months. 0.75% of the stock is currently owned by insiders.

Fiserv Company 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.