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Is Fiserv Inc. (NASDAQ:FISV) a cheap stock to buy now? The smart money is turning bullish. The number of bullish hedge fund positions advanced by 1 lately. FISV was in 27 hedge funds’ portfolios at the end of September. There were 26 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 Fidelity National Information Services (NYSE:FIS), Zimmer Biomet Holdings Inc (NYSE:ZBH), and Valero Energy Corporation (NYSE:VLO) to get a better sense of its popularity.
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How are hedge funds trading Fiserv Inc. (NASDAQ:FISV)?
Heading into the fourth quarter of 2016, a total of 27 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 4% uptick from the previous quarter. Ownership of the stock has trended up for the last 2 quarters, but has remained in a narrow range over the last year. With hedgies’ sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes significantly (or already accumulated large positions).
According to Insider Monkey’s hedge fund database, Cliff Asness’ AQR Capital Management has the number one position in Fiserv Inc. (NASDAQ:FISV), worth close to $88.8 million. On AQR Capital Management’s heels is Citadel Investment Group, managed by Ken Griffin, which holds a $49.3 million position. Some other hedge funds and institutional investors with similar optimism encompass Eric Sprott’s Sprott Asset Management, David Harding’s Winton Capital Management and Jim Simons’ Renaissance Technologies.