Axel Capital Management LLC Purchases Shares of 40,000 Fiserv Inc (FISV)

Axel Capital Management LLC bought a new stake in shares of Fiserv Inc (NASDAQ:FISV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 40,000 shares of the business services provider’s stock, valued at approximately $2,964,000. Fiserv makes up about 2.8% of Axel Capital Management LLC’s investment portfolio, making the stock its 15th biggest position.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Fiserv by 101.0% during the first quarter. BlackRock Inc. now owns 30,249,062 shares of the business services provider’s stock worth $2,157,059,000 after purchasing an additional 15,202,516 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Fiserv by 8.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock valued at $1,738,335,000 after acquiring an additional 1,909,078 shares during the last quarter. Northern Trust Corp boosted its stake in Fiserv by 96.4% in the 1st quarter. Northern Trust Corp now owns 5,332,497 shares of the business services provider’s stock worth $380,260,000 after buying an additional 2,617,155 shares during the last quarter. Winslow Capital Management LLC boosted its stake in Fiserv by 91.6% in the 1st quarter. Winslow Capital Management LLC now owns 3,615,765 shares of the business services provider’s stock worth $257,839,000 after buying an additional 1,728,607 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its stake in shares of Fiserv by 76.2% in the 1st quarter. Pittenger & Anderson Inc. now owns 3,248,268 shares of the business services provider’s stock valued at $231,634,000 after purchasing an additional 1,405,139 shares in the last quarter. 88.35% of the stock is owned by hedge funds and other institutional investors.

NASDAQ FISV traded up $0.51 during trading hours on Friday, reaching $80.07. 1,680,500 shares of the company’s stock were exchanged, compared to its average volume of 1,918,973. The firm has a market cap of $31.76 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.18 and a beta of 0.77. Fiserv Inc has a one year low of $60.19 and a one year high of $80.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.09 and a quick ratio of 1.09.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. equities analysts expect that Fiserv Inc will post 3.13 earnings per share for the current year.

Several research firms have issued reports on FISV. Cantor Fitzgerald restated a “hold” rating and set a $73.00 price objective on shares of Fiserv in a report on Wednesday, August 1st. JPMorgan Chase & Co. lowered Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective for the company. in a research report on Tuesday, August 14th. Deutsche Bank boosted their price target on Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. BidaskClub downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wolfe Research assumed coverage on Fiserv in a research report on Tuesday, July 17th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $75.90.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $77.03, for a total value of $3,851,500.00. Following the sale, the insider now owns 517,380 shares of the company’s stock, valued at approximately $39,853,781.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 150,000 shares of company stock worth $11,600,500 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Further Reading: What is the Book Value of a Share?

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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