LSV Asset Management acquired a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,028 shares of the business services provider’s stock, valued at approximately $808,000.
Other large investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in Fiserv in the 3rd quarter worth about $30,000. WFA of San Diego LLC purchased a new stake in Fiserv in the 2nd quarter worth about $55,000. Oakworth Capital Inc. purchased a new stake in Fiserv in the 4th quarter worth about $25,000. Kimelman & Baird LLC purchased a new stake in Fiserv in the 4th quarter worth about $27,000. Finally, American National Bank & Trust purchased a new stake in Fiserv in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Price Performance
Shares of Fiserv stock opened at $55.62 on Thursday. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. The stock has a market capitalization of $29.66 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The company has a fifty day moving average of $57.62 and a 200-day moving average of $61.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.
Wall Street Analyst Weigh In
Several research analysts have commented on FISV shares. Robert W. Baird set a $78.00 target price on Fiserv in a research note on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings downgraded Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Cantor Fitzgerald dropped their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Mizuho dropped their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.97.
View Our Latest Stock Report on FISV
Fiserv Company 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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