Bank of Nova Scotia Acquires 141,467 Shares of Fiserv, Inc. $FISV

Bank of Nova Scotia lifted its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 203.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,016 shares of the business services provider’s stock after buying an additional 141,467 shares during the quarter. Bank of Nova Scotia’s holdings in Fiserv were worth $36,381,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management lifted its position in shares of Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Fiserv during the 2nd quarter valued at $34,000. Clear Street LLC purchased a new stake in Fiserv during the 2nd quarter worth about $34,000. Christopher J. Hasenberg Inc boosted its stake in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. grew its holdings in Fiserv by 178.9% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.8%

FISV opened at $65.73 on Tuesday. The business’s fifty day simple moving average is $89.22 and its 200 day simple moving average is $128.69. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The stock has a market cap of $35.73 billion, a PE ratio of 10.16, a P/E/G ratio of 2.55 and a beta of 0.80.

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

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Monday, November 24th. KeyCorp cut shares of Fiserv from an “overweight” rating to a “hold” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research report on Thursday, December 4th. Mizuho set a $145.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Ten research 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $121.08.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz purchased 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The shares were acquired at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the transaction, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv 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 completion of the transaction, the chief financial officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 34,900 shares of company stock valued at $2,211,971 over the last quarter. 0.75% of the stock is owned by corporate insiders.

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.