Atom Investors LP purchased a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,823 shares of the business services provider’s stock, valued at approximately $3,951,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in Fiserv in the third quarter valued at about $30,000. WFA of San Diego LLC purchased a new position in Fiserv in the second quarter valued at about $55,000. Oakworth Capital Inc. purchased a new position in Fiserv in the fourth quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new position in Fiserv in the fourth quarter valued at about $25,000. Finally, Goodman Advisory Group LLC bought a new position in Fiserv during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Trading Up 4.0%
Shares of NASDAQ FISV opened at $49.83 on Wednesday. The company has a market cap of $26.57 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.34 and a beta of 0.79. Fiserv, Inc. has a 12-month low of $47.37 and a 12-month high of $177.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $57.04 and its 200 day simple moving average is $60.93.
Analysts Set New Price Targets
Several research analysts have recently commented on FISV shares. Rothschild & Co Redburn decreased their target price on Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Tigress Financial reissued a “buy” rating and set a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. Weiss Ratings lowered Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Finally, Cantor Fitzgerald dropped their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. 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. According to data from MarketBeat.com, Fiserv presently has an average rating of “Hold” and an average price target of $82.23.
Read Our Latest Stock Analysis on FISV
Key Fiserv News
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv launched a $2.75 billion tender offer for senior notes, a move that may lower future interest costs and improve financial flexibility. Article Title
- Positive Sentiment: Michael Burry reportedly added to his Fiserv position, signaling that some investors see the post-selloff weakness as an opportunity. Article Title
- Neutral Sentiment: Goldman Sachs kept a Hold rating and maintained its $70 price target, suggesting the brokerage is waiting for more clarity on the leadership transition and operating trends. Article Title
- Negative Sentiment: The CEO shakeup remains the main overhang, with investors worried about strategic continuity after Lyons’ abrupt exit just after investor day. Article Title
- Negative Sentiment: Ademi LLP’s shareholder investigation into possible fiduciary-duty claims adds another layer of legal and governance risk. Article Title
About Fiserv
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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