Meadow Creek Investment Management LLC Has $1.91 Million Stock Holdings in Fiserv Inc (NASDAQ:FISV)

Meadow Creek Investment Management LLC lifted its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 45.0% in the second quarter, Holdings Channel.com reports. The fund owned 20,928 shares of the business services provider’s stock after purchasing an additional 6,496 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Fiserv were worth $1,908,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Close Asset Management Ltd increased its stake in Fiserv by 3.6% in the second quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock valued at $100,972,000 after acquiring an additional 38,799 shares during the period. First Hawaiian Bank increased its stake in Fiserv by 556.0% in the second quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 2,880 shares during the period. Commonwealth Equity Services LLC increased its stake in Fiserv by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock valued at $4,018,000 after acquiring an additional 1,539 shares during the period. Hartford Investment Management Co. increased its stake in Fiserv by 0.7% in the second quarter. Hartford Investment Management Co. now owns 43,219 shares of the business services provider’s stock valued at $3,940,000 after acquiring an additional 302 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Fiserv by 9,000.0% in the second quarter. Valeo Financial Advisors LLC now owns 546 shares of the business services provider’s stock valued at $50,000 after buying an additional 540 shares in the last quarter. 87.43% of the stock is owned by institutional investors.

In other news, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $89.23, for a total transaction of $1,784,600.00. Following the transaction, the insider now directly owns 354,929 shares in the company, valued at $31,670,314.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the transaction, the chairman now owns 291,429 shares in the company, valued at $31,314,046.05. The disclosure for this sale can be found here. Insiders have sold 136,000 shares of company stock worth $13,905,850 over the last quarter. 1.40% of the stock is owned by company insiders.

A number of research firms have commented on FISV. Deutsche Bank upgraded shares of Fiserv from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $120.00 in a research report on Tuesday, July 30th. Oppenheimer boosted their price target on shares of Fiserv from $97.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Raymond James began coverage on shares of Fiserv in a research report on Friday, June 21st. They issued an “outperform” rating and a $103.00 price target on the stock. Berenberg Bank began coverage on shares of Fiserv in a research report on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price target on the stock. Finally, Northcoast Research upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price target on the stock in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $100.72.

Shares of FISV stock traded down $0.64 during trading hours on Friday, reaching $103.25. 146,261 shares of the company were exchanged, compared to its average volume of 3,708,241. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $109.92. The stock’s fifty day moving average is $105.10 and its two-hundred day moving average is $92.42. The company has a market cap of $40.75 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 2.30 and a beta of 0.79. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $0.75 earnings per share. Fiserv’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Fiserv Inc will post 3.76 earnings per share for the current year.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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