Fiserv, Inc. $FISV Shares Bought by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its stake in Fiserv, Inc. (NASDAQ:FISV) by 20.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,243 shares of the business services provider’s stock after buying an additional 8,148 shares during the quarter. Thompson Investment Management Inc.’s holdings in Fiserv were worth $6,220,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC lifted its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. WPG Advisers LLC purchased a new position in Fiserv in the 1st quarter valued at about $84,000. Canada Pension Plan Investment Board grew its stake in shares of Fiserv by 30.9% during the first quarter. Canada Pension Plan Investment Board now owns 147,801 shares of the business services provider’s stock valued at $32,639,000 after acquiring an additional 34,895 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Fiserv by 2.1% during the first quarter. Evergreen Capital Management LLC now owns 5,710 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 117 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In related news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares of the company’s stock, valued at $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, 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 position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 34,900 shares of company stock worth $2,211,971 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on FISV. Wells Fargo & Company raised Fiserv to a “hold” rating in a report on Wednesday, October 22nd. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and cut their price target for the company from $149.00 to $79.00 in a report on Thursday, October 30th. Finally, Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $205.00 to $80.00 in a report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus target price of $119.58.

Fiserv Stock Down 0.7%

FISV stock opened at $67.50 on Friday. The firm has a market cap of $36.69 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 2.60 and a beta of 0.80. Fiserv, Inc. has a 1-year low of $59.56 and a 1-year high of $238.59. The firm has a fifty day moving average price of $73.38 and a two-hundred day moving average price of $119.63. 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 results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion for the quarter. Research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.