Contravisory Investment Management Inc. Boosts Stake in Fiserv, Inc. (NASDAQ:FISV)

Contravisory Investment Management Inc. lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,834 shares of the company’s stock after buying an additional 1,822 shares during the quarter. Fiserv accounts for 1.8% of Contravisory Investment Management Inc.’s portfolio, making the stock its 24th biggest holding. Contravisory Investment Management Inc.’s holdings in Fiserv were worth $6,917,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. M&R Capital Management Inc. raised 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 acquiring an additional 191 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of Fiserv by 2.2% in the second quarter. Moody National Bank Trust Division now owns 13,924 shares of the company’s stock worth $1,757,000 after buying an additional 306 shares during the period. Outlook Wealth Advisors LLC boosted its position in shares of Fiserv by 6.5% in the second quarter. Outlook Wealth Advisors LLC now owns 5,317 shares of the company’s stock worth $671,000 after buying an additional 325 shares during the period. Bellecapital International Ltd. boosted its position in shares of Fiserv by 0.5% in the second quarter. Bellecapital International Ltd. now owns 72,716 shares of the company’s stock worth $9,173,000 after buying an additional 359 shares during the period. Finally, Maryland State Retirement & Pension System grew its stake in Fiserv by 0.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 46,974 shares of the company’s stock valued at $5,926,000 after purchasing an additional 370 shares in the last quarter. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Fiserv stock traded down $1.15 during mid-day trading on Monday, hitting $121.05. 5,501,837 shares of the company’s stock traded hands, compared to its average volume of 3,749,599. The company has a 50 day moving average price of $124.34. The firm has a market cap of $76.03 billion, a P/E ratio of 30.14 and a beta of 0.86. Fiserv, Inc. has a one year low of $87.03 and a one year high of $122.39.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Fiserv in a research report on Tuesday, September 12th. They issued a “buy” rating for the company.

Fiserv 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.