Altrafin AG acquired a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,790 shares of the business services provider’s stock, valued at approximately $2,807,000. Fiserv makes up about 0.9% of Altrafin AG’s portfolio, making the stock its 25th largest position.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $3,507,063,000. Dodge & Cox bought a new position in shares of Fiserv in the fourth quarter valued at approximately $3,323,210,000. Capital World Investors boosted 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 valued at $3,324,073,000 after acquiring an additional 6,714,536 shares in the last quarter. State Street Corp bought a new position in shares of Fiserv in the fourth quarter valued at approximately $1,588,663,000. Finally, Geode Capital Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $854,215,000. 90.98% of the stock is currently owned by institutional investors.
Fiserv Trading Up 1.4%
Shares of NASDAQ:FISV opened at $53.78 on Friday. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.51 and a beta of 0.79. Fiserv, Inc. has a 1-year low of $51.78 and a 1-year high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $57.33 and a 200 day moving average price of $61.10.
Wall Street Analyst Weigh In
FISV has been the subject of several recent analyst reports. BNP Paribas Exane cut shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a report on Friday, June 5th. Robert W. Baird set a $78.00 price objective on shares of Fiserv in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Fiserv from $63.00 to $60.00 in a report on Monday, May 11th. B. Riley Financial reduced their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, UBS Group set a $65.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $82.23.
Read Our Latest 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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