Bessemer Group Inc. Trims Position in Fiserv, Inc. $FISV

Bessemer Group Inc. decreased its holdings in Fiserv, Inc. (NASDAQ:FISV) by 98.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,361 shares of the business services provider’s stock after selling 2,491,383 shares during the quarter. Bessemer Group Inc.’s holdings in Fiserv were worth $3,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Fiserv during the third quarter valued at about $28,000. True Wealth Design LLC raised its position in shares of Fiserv by 3,750.0% in the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after acquiring an additional 225 shares in the last quarter. Clear Street LLC purchased a new position in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Westfuller Advisors LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $36,000. Finally, Golden State Wealth Management LLC grew its stake in Fiserv by 960.9% in the second quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after purchasing an additional 221 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Sanford C. Bernstein cut shares of Fiserv from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $205.00 to $80.00 in a report on Thursday, October 30th. Susquehanna reissued a “positive” rating and set a $99.00 price target (down from $220.00) on shares of Fiserv in a research report on Wednesday, November 12th. TD Cowen restated a “hold” rating on shares of Fiserv in a report on Monday, January 12th. Northcoast Research lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. Finally, Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a research report on Wednesday, December 31st. Ten analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.34.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd bought 17,000 shares of the stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam L. Rosman purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by insiders.

Fiserv Stock Up 2.7%

Fiserv stock opened at $60.00 on Friday. Fiserv, Inc. has a 12 month low of $57.79 and a 12 month high of $238.59. The stock has a fifty day simple moving average of $66.23 and a two-hundred day simple moving average of $98.10. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $32.62 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 3.44 and a beta of 0.78.

Fiserv Company Profile

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.