BI Asset Management Fondsmaeglerselskab A S Has $30.56 Million Stock Holdings in Fiserv, Inc. $FISV

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 237,025 shares of the business services provider’s stock after selling 22,476 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Fiserv were worth $30,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Fiserv by 2.8% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,811 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 77 shares during the period. Quadcap Wealth Management LLC boosted its stake in Fiserv by 2.1% in the second quarter. Quadcap Wealth Management LLC now owns 3,900 shares of the business services provider’s stock worth $672,000 after purchasing an additional 79 shares in the last quarter. Strategic Blueprint LLC lifted its position in Fiserv by 4.4% during the 2nd quarter. Strategic Blueprint LLC now owns 1,977 shares of the business services provider’s stock worth $341,000 after buying an additional 83 shares in the last quarter. Glenview Trust co grew its stake in shares of Fiserv by 0.3% during the second quarter. Glenview Trust co now owns 32,864 shares of the business services provider’s stock valued at $5,666,000 after purchasing an additional 85 shares during the last quarter. Finally, Smithfield Trust Co lifted its holdings in Fiserv by 0.9% during the 2nd quarter. Smithfield Trust Co now owns 9,773 shares of the business services provider’s stock worth $1,685,000 after buying an additional 86 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 2.8%

Shares of Fiserv stock opened at $59.72 on Thursday. The business has a fifty day simple moving average of $66.31 and a two-hundred day simple moving average of $99.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $32.46 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 3.33 and a beta of 0.78. Fiserv, Inc. has a 1 year low of $57.79 and a 1 year high of $238.59.

Analyst Ratings Changes

FISV has been the topic of a number of research reports. TD Cowen restated a “hold” rating on shares of Fiserv in a research report on Monday, January 12th. B. Riley lowered their price objective on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Sanford C. Bernstein cut Fiserv from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $205.00 to $80.00 in a research note on Thursday, October 30th. BNP Paribas Exane lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Wednesday, November 5th. Finally, Susquehanna reaffirmed a “positive” rating and set a $99.00 price target (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of “Hold” and an average target price of $113.34.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd acquired 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was bought at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the acquisition, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

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.