Should You Now Consider Selling Your Fiserv (FISV) Shares?

Cooper Investors, an investment management firm, published its “Cooper Investors Global Equities Fund (Hedged)” fourth quarter 2021 investor letter – a copy of which can be downloaded here. For the 3 months and 12 months to December 31st, the Fund returned +6.0% and +23.6% respectively. This compares to the benchmark which returned +6.6% and +20.2%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Cooper Investors, in its Q4 2021 investor letter, mentioned Fiserv, Inc. (NASDAQ: FISV) and discussed its stance on the firm. Fiserv, Inc. is a Brookfield, Wisconsin-based financial services company with a $72.0 billion market capitalization. FISV delivered a 5.13% return since the beginning of the year, while its 12-month returns are up by 0.84%. The stock closed at $109.11 per share on January 14, 2022.

Here is what Cooper Investors has to say about Fiserv, Inc. in its Q4 2021 investor letter:

“Finally, the portfolio also sold its position in Fiserv as competition in the financial technology space is only increasing and becoming more intense. We deployed the capital elsewhere in more attractive investment propositions.”

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Our calculations show that Fiserv, Inc. (NASDAQ: FISV) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. FISV was in 65 hedge fund portfolios at the end of the third quarter of 2021, compared to 72 funds in the previous quarter. Fiserv, Inc. (NASDAQ: FISV) delivered a -0.63% return in the past 3 months.

In April 2021, we also shared another hedge fund’s views on FISV in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.