Korea Investment CORP Lowers Stock Position in Fiserv, Inc. $FISV

Korea Investment CORP trimmed its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 14.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 489,267 shares of the business services provider’s stock after selling 83,662 shares during the period. Korea Investment CORP’s holdings in Fiserv were worth $84,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares during the period. Bison Wealth LLC grew its holdings in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after acquiring an additional 116 shares during the period. Picton Mahoney Asset Management increased its stake in Fiserv by 84,383.3% in the 1st quarter. Picton Mahoney Asset Management now owns 5,069 shares of the business services provider’s stock valued at $1,119,000 after purchasing an additional 5,063 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Fiserv by 11.7% during the first quarter. Meeder Asset Management Inc. now owns 1,504 shares of the business services provider’s stock worth $332,000 after purchasing an additional 158 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Fiserv during the first quarter worth $3,938,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Fiserv Price Performance

FISV stock opened at $60.80 on Thursday. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 52-week low of $59.56 and a 52-week high of $238.59. The stock’s fifty day simple moving average is $99.82 and its 200-day simple moving average is $135.06.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FISV. Wells Fargo & Company raised Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $205.00 to $80.00 in a report on Thursday, October 30th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a report on Wednesday, November 5th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $91.00 price objective on shares of Fiserv in a research report on Thursday, October 30th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $121.08.

Fiserv Company Profile

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.