Fiserv Inc (NASDAQ:FISV) Stock Holdings Increased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its position in Fiserv Inc (NASDAQ:FISV) by 317.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,640 shares of the business services provider’s stock after acquiring an additional 272,008 shares during the quarter. Fiserv makes up approximately 0.9% of Schonfeld Strategic Advisors LLC’s portfolio, making the stock its 7th biggest position. Schonfeld Strategic Advisors LLC owned 0.05% of Fiserv worth $34,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Copper Rock Capital Partners LLC lifted its position in shares of Fiserv by 6,198.8% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 8,246,882 shares of the business services provider’s stock valued at $829,774,000 after acquiring an additional 8,115,954 shares during the last quarter. Longview Partners Guernsey LTD lifted its holdings in shares of Fiserv by 314.9% during the 1st quarter. Longview Partners Guernsey LTD now owns 9,016,325 shares of the business services provider’s stock valued at $856,461,000 after buying an additional 6,843,044 shares during the last quarter. Melvin Capital Management LP lifted its holdings in shares of Fiserv by 187.5% during the 1st quarter. Melvin Capital Management LP now owns 2,300,000 shares of the business services provider’s stock valued at $218,477,000 after buying an additional 1,500,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Fiserv by 24.7% during the 2nd quarter. Bank of America Corp DE now owns 6,537,913 shares of the business services provider’s stock valued at $638,231,000 after buying an additional 1,293,231 shares during the last quarter. Finally, PointState Capital LP lifted its holdings in shares of Fiserv by 225.8% during the 2nd quarter. PointState Capital LP now owns 1,650,498 shares of the business services provider’s stock valued at $161,122,000 after buying an additional 1,143,961 shares during the last quarter. 93.15% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating on shares of Fiserv in a report on Wednesday, July 22nd. Robert W. Baird boosted their target price on Fiserv from $134.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Oppenheimer lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Monday, June 29th. JPMorgan Chase & Co. boosted their target price on Fiserv from $113.00 to $126.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Finally, Rosenblatt Securities restated a “hold” rating and issued a $107.00 target price (up from $105.00) on shares of Fiserv in a report on Thursday, August 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.92.

Shares of NASDAQ FISV traded up $1.67 during trading on Wednesday, reaching $102.26. The company had a trading volume of 7,865,361 shares, compared to its average volume of 4,737,160. Fiserv Inc has a 52 week low of $73.50 and a 52 week high of $125.05. The stock has a market cap of $68.48 billion, a PE ratio of 81.16, a PEG ratio of 1.29 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50 day moving average price is $99.05 and its 200-day moving average price is $99.65.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Fiserv had a return on equity of 8.34% and a net margin of 5.82%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.28 billion. Equities analysts anticipate that Fiserv Inc will post 4.42 earnings per share for the current year.

In related news, Chairman Jeffery W. Yabuki sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $100.83, for a total transaction of $3,024,900.00. Following the completion of the transaction, the chairman now owns 304,637 shares in the company, valued at $30,716,548.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Omaha Holdings L.P. New sold 5,000,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $98.00, for a total transaction of $490,000,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,042,500 shares of company stock valued at $494,316,125. Insiders own 1.60% of the company’s stock.

Fiserv Profile

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.

Read More: Why do companies engage in swaps?

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.