Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,060,395 shares of the business services provider’s stock, valued at approximately $71,358,000.
Other institutional investors also recently made changes to their positions in the company. Jacobsen Capital Management raised its position in shares of Fiserv by 5.8% during the 3rd quarter. Jacobsen Capital Management now owns 1,767 shares of the business services provider’s stock worth $228,000 after purchasing an additional 97 shares during the period. Stonebridge Capital Advisors LLC grew its stake in Fiserv by 2.3% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after buying an additional 98 shares during the last quarter. Quent Capital LLC grew its stake in Fiserv by 5.6% during the 3rd quarter. Quent Capital LLC now owns 2,199 shares of the business services provider’s stock worth $284,000 after buying an additional 116 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of Fiserv by 50.3% during the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock worth $61,000 after acquiring an additional 158 shares during the last quarter. 90.98% of the stock is owned by institutional investors.
Fiserv Stock Down 4.6%
FISV stock opened at $52.37 on Thursday. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $191.28. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.74 and a beta of 0.84. The firm’s 50-day moving average is $58.48 and its two-hundred day moving average is $63.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06.
Fiserv News Roundup
Here are the key news stories impacting Fiserv this week:
- Positive Sentiment: Fiserv announced an agreement with Bridgeport Partners to form a joint venture covering its ATM Managed Services, Cash & Logistics, and MoneyPass businesses. The deal could help Fiserv unlock value, streamline operations, and accelerate growth in its cash-services businesses. Fiserv and Bridgeport Partners Enter into Agreement to Form Joint Venture to Accelerate Growth Across ATM and Cash Services Businesses
- Positive Sentiment: Fiserv also expanded its Clover platform with Clover Reserve powered by Tabit, an AI-driven restaurant POS and hospitality solution aimed at full-service and fine-dining restaurants. Investors may see this as a way to deepen Clover’s reach and support longer-term merchant revenue growth. Fiserv Tabit AI Restaurant Platform Aims To Deepen Clover Relationships
- Neutral Sentiment: Industry commentary highlighted Fiserv as one of several financial transaction stocks positioned to benefit from digital payments trends such as contactless payments and cross-border growth, which supports the company’s longer-term operating backdrop. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
- Neutral Sentiment: Several analysts still see upside from current levels, but targets have been mixed, with some recent cuts offset by others that remain bullish. That creates a divided near-term sentiment backdrop rather than a clear catalyst. Deutsche Bank Adjusts Price Target on Fiserv to $60 From $63
- Negative Sentiment: Rothschild & Co Redburn cut its price target to $40 and kept a sell rating, reinforcing concerns that Fiserv may face further downside if growth or margins do not improve soon. Rothschild & Co Redburn Adjusts Price Target on Fiserv to $40 From $50
Analysts Set New Price Targets
Several brokerages recently weighed in on FISV. B. Riley Financial cut their price objective on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Mizuho dropped their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Raymond James Financial cut Fiserv from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Jefferies Financial Group increased their price objective on Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings upgraded Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average price target of $83.57.
Check Out Our Latest Analysis on Fiserv
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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