Mufg Securities Americas Inc. Has $2.12 Million Position in Fiserv, Inc. $FISV

Mufg Securities Americas Inc. boosted its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 22.0% in the second quarter, Holdings Channel reports. The firm owned 12,287 shares of the business services provider’s stock after purchasing an additional 2,217 shares during the period. Mufg Securities Americas Inc.’s holdings in Fiserv were worth $2,118,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. E Fund Management Co. Ltd. grew its holdings in shares of Fiserv by 3.9% in the 1st quarter. E Fund Management Co. Ltd. now owns 1,463 shares of the business services provider’s stock valued at $323,000 after buying an additional 55 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Fiserv by 0.3% during the first quarter. Pinnacle Associates Ltd. now owns 16,794 shares of the business services provider’s stock worth $3,709,000 after acquiring an additional 57 shares in the last quarter. LaSalle St. Investment Advisors LLC grew its stake in Fiserv by 5.1% in the first quarter. LaSalle St. Investment Advisors LLC now owns 1,273 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 62 shares during the period. SageView Advisory Group LLC increased its holdings in shares of Fiserv by 4.0% in the first quarter. SageView Advisory Group LLC now owns 1,598 shares of the business services provider’s stock worth $353,000 after acquiring an additional 62 shares in the last quarter. Finally, Howland Capital Management LLC raised its position in shares of Fiserv by 0.5% during the first quarter. Howland Capital Management LLC now owns 13,874 shares of the business services provider’s stock worth $3,064,000 after purchasing an additional 64 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 1.8%

Fiserv stock opened at $60.84 on Friday. The company has a market cap of $33.07 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.56 and a beta of 0.90. The firm has a 50-day moving average of $104.16 and a 200-day moving average of $137.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59.

Fiserv (NASDAQ:FISV) last released its 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 business had revenue of $4.32 billion for the quarter. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on FISV. Keefe, Bruyette & Woods decreased their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada set a $85.00 price objective on shares of Fiserv and gave the company an “outperform” rating in a research report on Thursday, October 30th. B. Riley cut Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Finally, Barclays set a $175.00 price objective on Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $123.25.

About Fiserv

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.