Inscription Capital LLC Acquires New Position in Fiserv, Inc. (NASDAQ:FISV)

Inscription Capital LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,010 shares of the business services provider’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Massachusetts Financial Services Co. MA grew its position in Fiserv by 22.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,216,873 shares of the business services provider’s stock worth $2,525,657,000 after purchasing an additional 3,877,909 shares during the last quarter. BlackRock Inc. grew its position in Fiserv by 5.2% in the 2nd quarter. BlackRock Inc. now owns 43,399,816 shares of the business services provider’s stock worth $4,639,005,000 after purchasing an additional 2,163,796 shares during the last quarter. Vanguard Group Inc. grew its position in Fiserv by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 47,418,471 shares of the business services provider’s stock worth $5,068,561,000 after purchasing an additional 2,054,193 shares during the last quarter. Parnassus Investments CA grew its position in Fiserv by 29.3% in the 2nd quarter. Parnassus Investments CA now owns 7,549,440 shares of the business services provider’s stock worth $806,960,000 after purchasing an additional 1,709,950 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Fiserv by 122.0% in the 1st quarter. Royal Bank of Canada now owns 2,819,896 shares of the business services provider’s stock worth $335,681,000 after purchasing an additional 1,549,760 shares during the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.

In other Fiserv news, COO Guy Chiarello sold 20,000 shares of the stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $117.64, for a total value of $2,352,800.00. Following the completion of the sale, the chief operating officer now owns 237,375 shares in the company, valued at approximately $27,924,795. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on FISV. BNP Paribas upgraded shares of Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price objective for the company in a report on Tuesday, August 10th. Exane BNP Paribas upgraded shares of Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price objective for the company in a report on Tuesday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of Fiserv from $142.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, August 17th. TheStreet upgraded shares of Fiserv from a “c+” rating to a “b-” rating in a report on Friday, September 3rd. Finally, William Blair began coverage on shares of Fiserv in a report on Thursday, September 30th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $131.50.

Shares of NASDAQ:FISV opened at $104.34 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $69.09 billion, a PE ratio of 62.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. Fiserv, Inc. has a 52 week low of $92.81 and a 52 week high of $127.34. The firm has a 50 day simple moving average of $111.68 and a 200 day simple moving average of $113.73.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, July 27th. The business services provider reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.09. Fiserv had a net margin of 7.37% and a return on equity of 10.48%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 5.56 earnings per share for the current year.

Fiserv Profile

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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