Graham Capital Management L.P. increased its position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 881.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,973 shares of the company’s stock after purchasing an additional 65,534 shares during the quarter. Graham Capital Management L.P.’s holdings in Fiserv were worth $9,206,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. OLD National Bancorp IN grew its holdings in shares of Fiserv by 74.1% during the second quarter. OLD National Bancorp IN now owns 7,721 shares of the company’s stock valued at $974,000 after purchasing an additional 3,286 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Fiserv by 1.6% in the second quarter. Artisan Partners Limited Partnership now owns 701,737 shares of the company’s stock worth $88,524,000 after buying an additional 11,295 shares during the period. Nemes Rush Group LLC bought a new stake in Fiserv in the second quarter valued at $2,746,000. WealthShield Partners LLC boosted its holdings in shares of Fiserv by 5.4% during the second quarter. WealthShield Partners LLC now owns 10,791 shares of the company’s stock valued at $1,361,000 after acquiring an additional 552 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of Fiserv by 2.8% during the second quarter. IFM Investors Pty Ltd now owns 123,212 shares of the company’s stock worth $15,543,000 after acquiring an additional 3,364 shares during the last quarter. Institutional investors and hedge funds own 88.79% of the company’s stock.
Fiserv Stock Performance
Shares of NASDAQ FISV traded up $1.89 during midday trading on Thursday, hitting $129.36. 3,277,455 shares of the company’s stock were exchanged, compared to its average volume of 3,749,599. Fiserv, Inc. has a twelve month low of $87.03 and a twelve month high of $122.39. The stock has a market cap of $81.25 billion, a price-to-earnings ratio of 33.63 and a beta of 0.86. The business’s 50 day moving average is $117.31.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Fiserv in a research report on Thursday, November 23rd. They issued a “buy” rating on the stock.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.