Inscription Capital LLC Acquires New Holdings in Fiserv, Inc. (NASDAQ:FISV)

Inscription Capital LLC acquired a new stake 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 4,010 shares of the business services provider’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in Fiserv by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 58,482,671 shares of the business services provider’s stock valued at $6,961,777,000 after purchasing an additional 1,433,356 shares during the period. Vanguard Group Inc. grew its holdings in Fiserv by 4.5% during the second quarter. Vanguard Group Inc. now owns 47,418,471 shares of the business services provider’s stock valued at $5,068,561,000 after purchasing an additional 2,054,193 shares during the period. BlackRock Inc. grew its holdings in Fiserv by 5.2% during the second quarter. BlackRock Inc. now owns 43,399,816 shares of the business services provider’s stock valued at $4,639,005,000 after purchasing an additional 2,163,796 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 0.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 21,389,337 shares of the business services provider’s stock valued at $2,286,306,000 after buying an additional 172,464 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Fiserv by 5.8% in the second quarter. Geode Capital Management LLC now owns 9,907,705 shares of the business services provider’s stock valued at $1,055,931,000 after buying an additional 546,645 shares in the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.

NASDAQ:FISV opened at $104.34 on Thursday. Fiserv, Inc. has a one year low of $92.81 and a one year high of $127.34. The company has a market cap of $69.09 billion, a P/E ratio of 62.11, a P/E/G ratio of 1.31 and a beta of 0.89. The firm’s fifty day moving average price is $111.68 and its two-hundred day moving average price is $113.73. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.03 and a quick ratio of 1.03.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, July 27th. The business services provider reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.09. Fiserv had a net margin of 7.37% and a return on equity of 10.48%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities research analysts expect that Fiserv, Inc. will post 5.56 earnings per share for the current year.

In other Fiserv news, COO Guy Chiarello sold 20,000 shares of the company’s stock in a transaction on Monday, August 23rd. The shares were sold at an average price of $117.64, for a total value of $2,352,800.00. Following the transaction, the chief operating officer now directly owns 237,375 shares in the company, valued at $27,924,795. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

A number of brokerages have weighed in on FISV. Wedbush reaffirmed an “outperform” rating on shares of Fiserv in a research note on Tuesday, July 27th. Exane BNP Paribas raised shares of Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price target on the stock in a research note on Tuesday, August 10th. BNP Paribas raised shares of Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price target on the stock in a research note on Tuesday, August 10th. TheStreet raised shares of Fiserv from a “c+” rating to a “b-” rating in a research report on Friday, September 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Fiserv from $142.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $131.50.

Fiserv Company Profile

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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