Capital World Investors bought a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,845,466 shares of the business services provider’s stock, valued at approximately $325,470,000. Capital World Investors owned approximately 0.89% of Fiserv as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of FISV. Chicago Capital LLC acquired a new position in Fiserv during the 4th quarter worth about $1,316,000. Vulcan Value Partners LLC acquired a new position in Fiserv during the 3rd quarter worth about $103,398,000. Blume Capital Management Inc. lifted its stake in Fiserv by 785.7% during the 3rd quarter. Blume Capital Management Inc. now owns 25,197 shares of the business services provider’s stock worth $3,249,000 after acquiring an additional 22,352 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new position in Fiserv during the 4th quarter worth about $1,141,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Fiserv during the 4th quarter worth about $4,127,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Fiserv Price Performance
Shares of NASDAQ FISV opened at $52.72 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The firm has a market capitalization of $28.11 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.80. The stock’s 50-day simple moving average is $57.44 and its 200-day simple moving average is $61.30.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FISV shares. Royal Bank Of Canada set a $75.00 price objective on Fiserv and gave the company an “outperform” rating in a research note on Wednesday, May 6th. BNP Paribas Exane cut Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday. Cantor Fitzgerald decreased their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Finally, Citigroup decreased their price objective on Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $82.23.
View Our Latest Research Report on FISV
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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