Invenomic Capital Management LP Lowers Stock Position in Fiserv, Inc. (NASDAQ:FISV)
Invenomic Capital Management LP cut its stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) by 67.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,504 shares of the company’s stock after selling 137,656 shares during the period. Invenomic Capital Management LP’s holdings in Fiserv were worth $8,263,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Copperwynd Financial LLC grew its stake in shares of Fiserv by 1.5% during the 2nd quarter. Copperwynd Financial LLC now owns 5,703 shares of the company’s stock valued at $719,000 after buying an additional 82 shares during the period. Newman Dignan & Sheerar Inc. boosted its position in Fiserv by 0.8% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 11,575 shares of the company’s stock worth $1,460,000 after purchasing an additional 87 shares during the period. Sawyer & Company Inc boosted its position in Fiserv by 0.8% during the 2nd quarter. Sawyer & Company Inc now owns 12,042 shares of the company’s stock worth $1,519,000 after purchasing an additional 90 shares during the period. Cowa LLC boosted its position in Fiserv by 2.9% during the 2nd quarter. Cowa LLC now owns 3,185 shares of the company’s stock worth $402,000 after purchasing an additional 90 shares during the period. Finally, Summit X LLC boosted its position in Fiserv by 4.6% during the 2nd quarter. Summit X LLC now owns 2,120 shares of the company’s stock worth $267,000 after purchasing an additional 94 shares during the period. 88.79% of the stock is owned by hedge funds and other institutional investors.
Fiserv Price Performance
FISV stock traded up $0.94 during trading on Friday, reaching $132.36. The stock had a trading volume of 2,364,472 shares, compared to its average volume of 3,749,599. Fiserv, Inc. has a 1-year low of $87.03 and a 1-year high of $122.39. The firm has a market capitalization of $83.14 billion, a P/E ratio of 34.92 and a beta of 0.86. The company has a fifty day moving average of $119.46.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday. They set a “buy” rating for the company.
Check Out Our Latest Stock Report on Fiserv
About Fiserv (Free Report)
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.
Further Reading
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