Thompson Investment Management Inc. Sells 18,335 Shares of Fiserv, Inc. (NASDAQ:FISV)

Thompson Investment Management Inc. cut its holdings in shares of Fiserv, Inc. (NASDAQ:FISV) by 21.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,421 shares of the company’s stock after selling 18,335 shares during the quarter. Fiserv makes up about 1.4% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 21st biggest position. Thompson Investment Management Inc.’s holdings in Fiserv were worth $8,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FISV. Oliver Lagore Vanvalin Investment Group raised its holdings in Fiserv by 280.8% during the first quarter. Oliver Lagore Vanvalin Investment Group now owns 674 shares of the company’s stock valued at $76,000 after acquiring an additional 497 shares during the period. Marotta Asset Management bought a new stake in shares of Fiserv in the second quarter worth about $404,000. M&R Capital Management Inc. increased its holdings in shares of Fiserv by 0.3% in the second quarter. M&R Capital Management Inc. now owns 56,945 shares of the company’s stock worth $7,184,000 after purchasing an additional 191 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of Fiserv by 6.2% in the second quarter. DnB Asset Management AS now owns 115,087 shares of the company’s stock worth $14,518,000 after purchasing an additional 6,761 shares during the last quarter. Finally, Woodstock Corp increased its holdings in shares of Fiserv by 0.9% in the second quarter. Woodstock Corp now owns 68,213 shares of the company’s stock worth $8,605,000 after purchasing an additional 595 shares during the last quarter. 88.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Fiserv in a report on Tuesday. They issued a “buy” rating on the stock.

Fiserv Stock Down 0.9 %

Shares of FISV stock traded down $1.15 during trading hours on Friday, hitting $121.05. The stock had a trading volume of 5,501,837 shares, compared to its average volume of 3,749,599. Fiserv, Inc. has a one year low of $87.03 and a one year high of $122.39. The business has a 50-day simple moving average of $124.34. The stock has a market capitalization of $76.03 billion, a PE ratio of 32.24 and a beta of 0.86.

About Fiserv

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.