HRT Financial LP Buys New Holdings in Fiserv, Inc. $FISV

HRT Financial LP purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 160,158 shares of the business services provider’s stock, valued at approximately $27,612,000.

Other institutional investors have also modified their holdings of the company. E Fund Management Co. Ltd. increased its holdings in Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 55 shares in the last quarter. SageView Advisory Group LLC boosted its position in shares of Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after buying an additional 62 shares during the period. 17 Capital Partners LLC grew its stake in shares of Fiserv by 0.9% in the first quarter. 17 Capital Partners LLC now owns 7,513 shares of the business services provider’s stock valued at $1,659,000 after buying an additional 70 shares in the last quarter. Abacus Wealth Partners LLC raised its holdings in shares of Fiserv by 1.6% during the 2nd quarter. Abacus Wealth Partners LLC now owns 4,606 shares of the business services provider’s stock valued at $794,000 after buying an additional 72 shares during the period. Finally, ICW Investment Advisors LLC raised its holdings in shares of Fiserv by 0.7% during the 1st quarter. ICW Investment Advisors LLC now owns 10,648 shares of the business services provider’s stock valued at $2,351,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FISV shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Fiserv in a research report on Wednesday, October 29th. Jefferies Financial Group lowered their price target on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a report on Monday, November 24th. Susquehanna reiterated a “positive” rating and issued a $99.00 price objective (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and cut their price target for the stock from $143.00 to $75.00 in a research note 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’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and a consensus target price of $121.08.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was purchased 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 directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were acquired 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 owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 34,900 shares of company stock worth $2,211,971 over the last ninety days. 1.00% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of FISV stock opened at $68.75 on Friday. The stock has a market capitalization of $37.37 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.62 and a beta of 0.80. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The company’s 50-day simple moving average is $84.45 and its 200-day simple moving average is $126.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion for the quarter. Equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.