Fiserv, Inc. (NASDAQ:FISV) Stake Trimmed by Keel Point LLC

Keel Point LLC cut its position in shares of Fiserv, Inc. (NASDAQ:FISV) by 17.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,986 shares of the company’s stock after selling 6,627 shares during the quarter. Keel Point LLC’s holdings in Fiserv were worth $3,909,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC grew its position in Fiserv by 543.8% during the 2nd quarter. AE Wealth Management LLC now owns 244,964 shares of the company’s stock worth $30,902,000 after purchasing an additional 206,913 shares in the last quarter. DnB Asset Management AS lifted its stake in Fiserv by 6.2% in the 2nd quarter. DnB Asset Management AS now owns 115,087 shares of the company’s stock worth $14,518,000 after acquiring an additional 6,761 shares in the last quarter. DNB Asset Management AS boosted its position in Fiserv by 6.2% during the 2nd quarter. DNB Asset Management AS now owns 115,087 shares of the company’s stock worth $14,518,000 after acquiring an additional 6,761 shares during the period. Bellecapital International Ltd. grew its stake in Fiserv by 0.5% during the 2nd quarter. Bellecapital International Ltd. now owns 72,716 shares of the company’s stock valued at $9,173,000 after acquiring an additional 359 shares in the last quarter. Finally, Woodstock Corp lifted its position 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 in the last quarter. 88.79% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.15 on Tuesday, hitting $121.20. 2,077,138 shares of the company traded hands, compared to its average volume of 3,749,599. Fiserv, Inc. has a 12-month low of $87.03 and a 12-month high of $122.39. The company has a market cap of $76.13 billion, a P/E ratio of 31.94 and a beta of 0.86. The stock’s 50-day moving average is $124.26.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Fiserv in a research report on Tuesday, September 12th. They set a “buy” rating on the stock.

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.