Fiserv Inc (NASDAQ:FISV) Shares Bought by Bishop Rock Capital L.P.

Bishop Rock Capital L.P. boosted its stake in shares of Fiserv Inc (NASDAQ:FISV) by 53.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,014 shares of the business services provider’s stock after acquiring an additional 53,805 shares during the quarter. Fiserv comprises about 4.7% of Bishop Rock Capital L.P.’s investment portfolio, making the stock its 6th biggest position. Bishop Rock Capital L.P.’s holdings in Fiserv were worth $13,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Bremer Bank National Association acquired a new position in shares of Fiserv in the 1st quarter valued at $25,000. Sontag Advisory LLC acquired a new stake in Fiserv during the 4th quarter worth about $27,000. JOYN Advisors Inc. lifted its stake in Fiserv by 80.0% in the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after buying an additional 180 shares in the last quarter. Destination Wealth Management purchased a new position in Fiserv in the 4th quarter valued at about $30,000. Finally, WESPAC Advisors SoCal LLC purchased a new position in Fiserv in the 4th quarter worth approximately $31,000. 87.38% of the stock is currently owned by institutional investors.

FISV traded up $1.35 on Monday, hitting $92.51. 2,718,257 shares of the company were exchanged, compared to its average volume of 4,595,708. Fiserv Inc has a fifty-two week low of $68.45 and a fifty-two week high of $92.69. The firm has a market capitalization of $35.77 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.20 and a beta of 0.78. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. The business has a fifty day moving average price of $88.52.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, sell-side analysts predict that Fiserv Inc will post 3.45 earnings per share for the current fiscal year.

In other news, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the sale, the chief executive officer now owns 391,146 shares of the company’s stock, valued at $33,329,550.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total transaction of $177,900.00. Following the completion of the sale, the insider now directly owns 371,429 shares of the company’s stock, valued at approximately $33,038,609.55. The disclosure for this sale can be found here. Insiders have sold 62,000 shares of company stock worth $5,376,500 in the last three months. Insiders own 1.40% of the company’s stock.

FISV has been the topic of a number of research reports. Keefe, Bruyette & Woods initiated coverage on shares of Fiserv in a research note on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating and raised their price target for the stock from $91.00 to $100.00 in a report on Wednesday, June 5th. They noted that the move was a valuation call. Oppenheimer lifted their target price on shares of Fiserv from $97.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. William Blair reiterated an “outperform” rating on shares of Fiserv in a report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. Fiserv presently has an average rating of “Buy” and a consensus target price of $92.74.

Fiserv Company 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.

Further Reading: Green Investing

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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