Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 55.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 377,724 shares of the company’s stock after selling 470,364 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fiserv were worth $47,649,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of FISV. Bank Julius Baer & Co. Ltd Zurich grew its stake in Fiserv by 99,857.6% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 570,446,227 shares of the company’s stock valued at $71,961,792,000 after purchasing an additional 569,875,539 shares in the last quarter. Parnassus Investments LLC grew its stake in Fiserv by 0.8% in the second quarter. Parnassus Investments LLC now owns 6,887,288 shares of the company’s stock valued at $868,831,000 after purchasing an additional 56,213 shares in the last quarter. California Public Employees Retirement System grew its stake in Fiserv by 0.6% in the second quarter. California Public Employees Retirement System now owns 3,280,448 shares of the company’s stock valued at $413,829,000 after purchasing an additional 21,001 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Fiserv by 0.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,017,174 shares of the company’s stock valued at $380,617,000 after purchasing an additional 13,733 shares in the last quarter. Finally, Barclays PLC grew its stake in Fiserv by 40.4% in the second quarter. Barclays PLC now owns 2,189,019 shares of the company’s stock valued at $276,142,000 after purchasing an additional 629,477 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Fiserv in a research report on Wednesday. They issued a “buy” rating for the company.
Fiserv Stock Down 0.6 %
Shares of NASDAQ:FISV opened at $124.08 on Friday. Fiserv, Inc. has a fifty-two week low of $87.03 and a fifty-two week high of $122.39. The business has a 50-day moving average of $116.62. The firm has a market capitalization of $77.94 billion, a PE ratio of 32.74 and a beta of 0.86.
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.
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