Quantinno Capital Management LP decreased its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 565,689 shares of the business services provider’s stock after selling 80,362 shares during the period. Quantinno Capital Management LP’s holdings in Fiserv were worth $31,565,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Capital LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $1,316,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $1,141,000. Robeco Institutional Asset Management B.V. bought a new position in Fiserv during the fourth quarter worth $4,127,000. KLP Kapitalforvaltning AS bought a new position in Fiserv during the fourth quarter worth $14,907,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Fiserv in the fourth quarter worth $1,996,000. 90.98% of the stock is owned by institutional investors.
Fiserv Trading Down 0.2%
NASDAQ:FISV opened at $53.94 on Friday. Fiserv, Inc. has a 1 year low of $47.04 and a 1 year high of $141.38. The stock has a market cap of $28.76 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.52 and a beta of 0.82. The business has a fifty day moving average of $51.97 and a 200-day moving average of $57.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.
Analyst Ratings Changes
A number of analysts have weighed in on FISV shares. Morgan Stanley increased their target price on shares of Fiserv from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd. Rothschild & Co Redburn lowered their price objective on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Barclays started coverage on shares of Fiserv in a research note on Wednesday, July 8th. They set an “equal weight” rating and a $58.00 price objective on the stock. Finally, Royal Bank Of Canada set a $75.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $76.57.
Insider Transactions at Fiserv
In related news, CFO Paul M. Todd bought 10,060 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average price of $49.70 per share, with a total value of $499,982.00. Following the purchase, the chief financial officer owned 184,107 shares in the company, valued at approximately $9,150,117.90. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.
About Fiserv
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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