Woodley Farra Manion Portfolio Management Inc. Buys 9,803 Shares of Fiserv, Inc. $FISV

Woodley Farra Manion Portfolio Management Inc. boosted its stake in Fiserv, Inc. (NASDAQ:FISV) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,487 shares of the business services provider’s stock after acquiring an additional 9,803 shares during the period. Fiserv accounts for 3.7% of Woodley Farra Manion Portfolio Management Inc.’s investment portfolio, making the stock its 12th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in Fiserv were worth $78,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Fiserv in the 1st quarter worth approximately $1,722,584,000. JPMorgan Chase & Co. raised its stake in Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock worth $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in 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 during the period. Swedbank AB boosted its position in Fiserv by 366.0% during the second quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock valued at $273,916,000 after acquiring an additional 1,247,801 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in Fiserv during the 1st quarter worth about $265,769,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This trade represents a 324.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FISV shares. Sanford C. Bernstein downgraded Fiserv from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a research note on Thursday, October 30th. Wall Street Zen downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Citigroup lowered their price objective on shares of Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group set a $75.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.25.

Fiserv Stock Performance

NASDAQ FISV opened at $63.42 on Friday. The company has a market cap of $34.11 billion, a P/E ratio of 9.80, a PEG ratio of 0.56 and a beta of 0.90. The company has a fifty day simple moving average of $111.52 and a 200 day simple moving average of $142.23. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. Fiserv, Inc. has a 12-month low of $60.95 and a 12-month high of $238.59.

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

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.