5 Favorite Stocks of Billionaire Leon Cooperman

In this article, we discuss 5 favorite stocks of billionaire Leon Cooperman. If you want to see more of the billionaire’s favorite stocks, check out 10 Favorite Stocks of Billionaire Leon Cooperman. 

5. Fiserv, Inc. (NASDAQ:FISV)

Omega Advisors’ Stake Value: $106,966,000

Percentage of Omega Advisors’ 13F Portfolio: 5.37%

Number of Hedge Fund Holders: 61

Fiserv, Inc. (NASDAQ:FISV) was incorporated in 1984 and is headquartered in Brookfield, Wisconsin. The company offers payment technology and financial services to customers worldwide. On April 12, Cowen analyst George Mihalos downgraded Fiserv, Inc. (NASDAQ:FISV) to Market Perform from Outperform with a price target of $126, down from $144.

Leon Cooperman’s Omega Advisors held a stake in Fiserv, Inc. (NASDAQ:FISV) worth approximately $107 million in the December quarter, representing 5.37% of the total 13F securities. 

In 2021, Fiserv, Inc. (NASDAQ:FISV) reported a full-year revenue of $16.2 billion, compared to a revenue of $14.8 billion in the previous year. Net income in 2021 grew 39.25% year-over-year to $1.3 billion, versus $958 million in 2020. 

According to Insider Monkey’s Q4 data, 61 hedge funds were bullish on Fiserv, Inc. (NASDAQ:FISV), compared to 65 funds in the previous quarter. The collective stakes owned by the hedge funds in the fourth quarter amounted to $3.90 billion. Harris Associates is the biggest position holder in Fiserv, Inc. (NASDAQ:FISV), with 23.3 million shares worth $2.4 billion. 

Here is what ClearBridge Investments Value Equity Strategy has to say about Fiserv, Inc. (NASDAQ:FISV) in its Q4 2021 investor letter:

“While the threat of disruption risk to these established payment companies should not be taken lightly, it is important to note that many of these emerging disruptors are small relative to the massive global payments network and heavily reliant on the very payment infrastructure they are trying to disrupt. This led us to initiate a position in Fiserv, whose stock dropped to a level that embedded projections for negative long-term growth despite no current evidence of disruption. We think Fiserv will continue to grow despite perceived disruption risks given its scale and efficiency. Fiserv also owns cloud-based payments hardware and software system Clover, which is both bigger and faster growing than Square; this provides an additional degree of protection against further disruption risk.”