Hound Partners LLC Buys Shares of 33,359 Fiserv, Inc. $FISV

by · The Markets Daily

Hound Partners LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 33,359 shares of the business services provider’s stock, valued at approximately $5,751,000. Fiserv accounts for approximately 0.8% of Hound Partners LLC’s holdings, making the stock its 22nd largest position.

Several other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC increased its holdings in shares of Fiserv by 118.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 33,929 shares of the business services provider’s stock worth $5,850,000 after acquiring an additional 18,412 shares during the period. Engineers Gate Manager LP grew its position in Fiserv by 1,601.2% in the 2nd quarter. Engineers Gate Manager LP now owns 116,857 shares of the business services provider’s stock worth $20,147,000 after purchasing an additional 109,988 shares during the last quarter. Curi Capital LLC increased its stake in shares of Fiserv by 12.1% in the second quarter. Curi Capital LLC now owns 44,096 shares of the business services provider’s stock valued at $7,603,000 after purchasing an additional 4,755 shares during the period. Beck Mack & Oliver LLC boosted its position in Fiserv by 18.0% during the 2nd quarter. Beck Mack & Oliver LLC now owns 634,903 shares of the business services provider’s stock worth $109,464,000 after acquiring an additional 96,634 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Fiserv by 80.9% in the second quarter. Benjamin Edwards Inc. now owns 18,972 shares of the business services provider’s stock worth $3,271,000 after purchasing an additional 8,487 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and issued a $99.00 price objective (down previously from $220.00) on shares of Fiserv in a report on Wednesday, November 12th. Seaport Res Ptn lowered shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Mizuho set a $145.00 price objective on Fiserv and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Truist Financial lowered Fiserv from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Finally, Citigroup cut their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.08.

Read Our Latest Stock Report on Fiserv

Insider Buying and Selling at Fiserv

In other Fiserv news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The stock was acquired at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 34,900 shares of company stock worth $2,211,971 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Fiserv Price Performance

FISV opened at $68.75 on Friday. The stock has a fifty day moving average price of $84.45 and a 200 day moving average price of $126.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The stock has a market cap of $37.37 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.62 and a beta of 0.80.

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

Fiserv Profile

(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.

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