Headlands Technologies LLC Purchases Shares of 69,585 Fiserv, Inc. $FISV

Headlands Technologies LLC bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 69,585 shares of the business services provider’s stock, valued at approximately $11,997,000. Fiserv accounts for about 1.4% of Headlands Technologies LLC’s investment portfolio, making the stock its 7th biggest position.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Fiserv in the second quarter worth approximately $1,252,260,000. Marshall Wace LLP acquired a new position in Fiserv during the second quarter worth $356,643,000. Assenagon Asset Management S.A. lifted its stake in shares of Fiserv by 939.0% in the second quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock valued at $351,550,000 after buying an additional 1,842,784 shares in the last quarter. Swedbank AB lifted its stake 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 buying an additional 1,247,801 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock valued at $171,215,000 after buying an additional 948,634 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

FISV stock opened at $68.75 on Friday. 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 firm has a market cap of $37.37 billion, a PE ratio of 10.63, a P/E/G ratio of 2.65 and a beta of 0.80. The business has a 50 day moving average of $84.45 and a 200-day moving average of $126.34. Fiserv, Inc. has a 12-month low of $59.56 and a 12-month high of $238.59.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FISV shares. Jefferies Financial Group dropped their price target on shares of Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. B. Riley downgraded Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th. Oppenheimer restated an “outperform” rating and issued a $91.00 target price on shares of Fiserv in a report on Thursday, October 30th. UBS Group set a $75.00 price target on Fiserv and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $121.08.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider owned 61,285 shares of the company’s stock, valued at $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 34,900 shares of company stock worth $2,211,971 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Fiserv 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.