Massachusetts Financial Services Co. MA Has $1.13 Billion Holdings in Fiserv, Inc. $FISV

Massachusetts Financial Services Co. MA decreased its stake in shares of Fiserv, Inc. (NASDAQ:FISV) by 21.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,547,478 shares of the business services provider’s stock after selling 1,736,955 shares during the period. Massachusetts Financial Services Co. MA owned 1.20% of Fiserv worth $1,128,851,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. E Fund Management Co. Ltd. lifted its position in Fiserv by 3.9% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock worth $323,000 after acquiring an additional 55 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Fiserv by 6.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider’s stock valued at $206,000 after buying an additional 56 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Fiserv by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after buying an additional 57 shares during the last quarter. LaSalle St. Investment Advisors LLC grew its stake in shares of Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock worth $281,000 after acquiring an additional 62 shares during the last quarter. Finally, SageView Advisory Group LLC raised its stake in Fiserv by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The stock was purchased at an average price 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 $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FISV shares. Sanford C. Bernstein lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $205.00 to $80.00 in a research report on Thursday, October 30th. KeyCorp lowered shares of Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Thursday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $91.00 target price on shares of Fiserv in a research note on Thursday, October 30th. Finally, BTIG Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $123.25.

Fiserv Trading Down 1.7%

Shares of FISV stock opened at $63.42 on Friday. The stock has a market cap of $34.11 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 1 year low of $60.95 and a 1 year high of $238.59. The stock has a 50 day simple moving average of $111.52 and a 200 day simple moving average of $142.23.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data 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%. On average, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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.