Allen Mooney & Barnes Investment Advisors LLC bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 69,692 shares of the business services provider’s stock, valued at approximately $4,681,000.
Several other large investors have also recently bought and sold shares of FISV. Capital World Investors increased its holdings in shares of Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after purchasing an additional 6,714,536 shares during the period. Legal & General Group Plc boosted its stake in Fiserv by 3.8% during the third quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock valued at $469,051,000 after buying an additional 131,935 shares during the period. Barclays PLC grew its position in Fiserv by 116.0% during the third quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after buying an additional 1,895,349 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Fiserv by 24.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after buying an additional 607,213 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Fiserv by 3.9% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,921,333 shares of the business services provider’s stock worth $362,128,000 after acquiring an additional 109,427 shares during the last quarter. 90.98% of the stock is owned by institutional investors.
Fiserv Stock Performance
Fiserv stock opened at $56.16 on Monday. The firm has a fifty day simple moving average of $59.83 and a two-hundred day simple moving average of $76.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. Fiserv, Inc. has a twelve month low of $52.91 and a twelve month high of $222.62. The company has a market capitalization of $30.03 billion, a PE ratio of 8.86, a P/E/G ratio of 1.74 and a beta of 0.79.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Raymond James Financial downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Zacks Research upgraded shares of Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Stephens dropped their target price on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Loop Capital started coverage on shares of Fiserv in a research note on Tuesday, March 31st. They issued a “hold” rating and a $62.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $106.13.
Read Our Latest Stock Analysis on Fiserv
Fiserv Profile
Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.
Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.
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