Generate Investment Management Ltd Purchases 148,179 Shares of Fiserv, Inc. $FISV

Generate Investment Management Ltd increased its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 86.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,000 shares of the business services provider’s stock after purchasing an additional 148,179 shares during the period. Fiserv comprises about 2.1% of Generate Investment Management Ltd’s investment portfolio, making the stock its 12th largest position. Generate Investment Management Ltd owned about 0.06% of Fiserv worth $41,258,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FISV. Sound Income Strategies LLC bought a new stake in Fiserv in the 3rd quarter valued at $28,000. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv during the 2nd quarter valued at about $34,000. Clear Street LLC acquired a new stake in shares of Fiserv during the 2nd quarter valued at about $34,000. Christopher J. Hasenberg Inc increased its stake in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $67.54 on Wednesday. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The firm has a market cap of $36.71 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The business has a fifty day moving average of $71.07 and a 200-day moving average of $117.92.

Fiserv (NASDAQ:FISV) last issued 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 business had revenue of $4.32 billion for the quarter. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FISV shares. B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Stephens cut Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research report on Thursday, October 30th. Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective for the company. in a research note on Wednesday, October 29th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, BNP Paribas Exane reiterated a “neutral” rating and set a $62.00 target price on shares of Fiserv in a research report on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $119.58.

Insider Activity

In related news, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was bought at an average price 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 in the company, valued at $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 purchased 34,900 shares of company stock valued at $2,211,971 over the last three months. 0.75% of the stock is owned by insiders.

About Fiserv

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.