Thoroughbred Financial Services LLC Has $1.38 Million Stake in Fiserv, Inc. $FISV

Thoroughbred Financial Services LLC cut its stake in Fiserv, Inc. (NASDAQ:FISV) by 41.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,032 shares of the business services provider’s stock after selling 5,708 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Fiserv were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Fiserv during the first quarter worth $1,722,584,000. JPMorgan Chase & Co. grew its stake in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Fiserv by 939.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after acquiring an additional 1,842,784 shares in the last quarter. Swedbank AB raised its holdings in shares of Fiserv by 366.0% in the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after purchasing an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC bought a new position in shares of Fiserv during the first quarter valued at about $265,769,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on FISV shares. B. Riley lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. KeyCorp lowered Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Seaport Res Ptn lowered Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Zacks Research downgraded Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Finally, Robert W. Baird decreased their target price on Fiserv from $225.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $123.25.

Insider Activity at Fiserv

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Fiserv Stock Down 1.7%

FISV stock opened at $63.42 on Friday. The stock has a fifty day moving average of $111.52 and a 200-day moving average of $141.93. Fiserv, Inc. has a fifty-two week low of $60.95 and a fifty-two week high of $238.59. The company has a market capitalization of $34.47 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current 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.