Here Is What Hedge Funds Think About Fiserv Inc. (FISV)

Consequently, key hedge funds have jumped into Fiserv, Inc. (NASDAQ:FISV) headfirst. Millennium Management, one of the 10 largest hedge funds in the world, initiated the most valuable position in Fiserv Inc. (NASDAQ:FISV). Millennium Management had $20 million invested in the company at the end of the quarter. Michael Platt and William Reeves’ BlueCrest Capital Mgmt. also made a $9.4 million investment in the stock during the quarter. The following funds were also among the new FISV investors: Ken Griffin’s Citadel Investment Group, Matthew Tewksbury’s Stevens Capital Management, and Mike Vranos’ Ellington.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Fiserv Inc. (NASDAQ:FISV) but similarly valued. We will take a look at Fidelity National Information Services (NYSE:FIS), Zimmer Biomet Holdings Inc (NYSE:ZBH), Valero Energy Corporation (NYSE:VLO), and Consolidated Edison, Inc. (NYSE:ED). This group of stocks’ market valuations match FISV’s market valuation.

As you can see these stocks had an average of 40 hedge funds with bullish positions and the average amount invested in these stocks was $1.45 billion. That figure was $366 million in FISV’s case. Fidelity National Information Services (NYSE:FIS) is the most popular stock in this table. On the other hand Consolidated Edison, Inc. (NYSE:ED) is the least popular one with only 23 bullish hedge fund positions. Fiserv Inc. (NASDAQ:FISV) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FIS might be a better candidate to consider a long position.

Disclosure: None