Giverny Capital Inc. Has $111.82 Million Stock Holdings in Fiserv, Inc. $FISV

by · The Cerbat Gem

Giverny Capital Inc. boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 648,574 shares of the business services provider’s stock after purchasing an additional 18,941 shares during the period. Fiserv comprises 3.8% of Giverny Capital Inc.’s holdings, making the stock its 10th biggest holding. Giverny Capital Inc. owned approximately 0.12% of Fiserv worth $111,821,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in Fiserv in the 2nd quarter worth about $2,320,000. Sowell Financial Services LLC boosted its holdings in shares of Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after purchasing an additional 314 shares during the period. Factory Mutual Insurance Co. grew its stake in Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after purchasing an additional 16,500 shares in the last quarter. Dillon & Associates Inc. increased its holdings in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after purchasing an additional 7,419 shares during the period. Finally, Ipsen Advisor Group LLC bought a new stake in Fiserv during the 2nd quarter valued at $759,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $91.00 price target on shares of Fiserv in a research note on Thursday, October 30th. The Goldman Sachs Group downgraded shares of Fiserv from a “buy” rating to a “neutral” rating and cut their target price for the company from $149.00 to $79.00 in a research report on Thursday, October 30th. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Zacks Research downgraded shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Finally, Mizuho set a $145.00 price objective on shares of Fiserv and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Eleven research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $121.08.

Read Our Latest Research Report on FISV

Insider Activity at Fiserv

In related news, Director Lance M. Fritz bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of FISV opened at $61.47 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The firm has a market cap of $33.41 billion, a PE ratio of 9.50, a P/E/G ratio of 0.56 and a beta of 0.90. Fiserv, Inc. has a 12 month low of $59.56 and a 12 month high of $238.59. The stock has a fifty day moving average price of $96.97 and a 200-day moving average price of $133.67.

Fiserv (NASDAQ:FISV – Get Free Report) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion for the quarter. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

About Fiserv

(Free Report)

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.

Further Reading

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Free Report).