Does Fiserv, Inc. (NASDAQ:FISV) represent a good buying opportunity at the moment? Let’s briefly check the hedge fund sentiment towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on research activities, so it is no wonder why they tend to generate millions in profits each year. It is also true that some hedge fund players fail unconceivably on some occasions, but their stock picks have been generating superior risk-adjusted returns on average over the years.
Fiserv, Inc. (NASDAQ:FISV) investors should be aware of a decrease in enthusiasm from smart money in recent months. FISV was in 21 hedge funds’ portfolios at the end of the third quarter of 2015. There were 22 hedge funds in our database with FISV positions at the end of the previous quarter. At the end of this article we will also compare FISV to other stocks including Aviva Plc (ADR) (NYSE:AV), NXP Semiconductors NV (NASDAQ:NXPI), and The Hershey Company (NYSE:HSY) to get a better sense of its popularity.
Keeping this in mind, we’re going to take a look at the latest action encompassing Fiserv, Inc. (NASDAQ:FISV).
Hedge fund activity in Fiserv, Inc. (NASDAQ:FISV)
At Q3’s end, a total of 21 of the hedge funds tracked by Insider Monkey were long this stock, a change of -5% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their stakes significantly (or already accumulated large positions).
Of the funds tracked by Insider Monkey, AQR Capital Management, managed by Cliff Asness, holds the biggest position in Fiserv, Inc. (NASDAQ:FISV). AQR Capital Management has a $84.5 million position in the stock, comprising 0.2% of its 13F portfolio. The second largest stake is held by Michael Lowenstein of Kensico Capital, with a $65.4 million position; the fund has 1.4% of its 13F portfolio invested in the stock. Other members of the smart money that are bullish encompass Panayotis Takis Sparaggis’ Alkeon Capital Management, John Armitage’s Egerton Capital Limited and Phill Gross and Robert Atchinson’s Adage Capital Management.