United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 343,943 shares of the business services provider’s stock, valued at approximately $23,103,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.06% of Fiserv as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of FISV. Chicago Capital LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $1,316,000. AGF Management Ltd. increased its holdings in shares of Fiserv by 55.4% during the 3rd quarter. AGF Management Ltd. now owns 194,524 shares of the business services provider’s stock worth $25,080,000 after buying an additional 69,383 shares during the last quarter. National Pension Service increased its holdings in shares of Fiserv by 2.6% during the 3rd quarter. National Pension Service now owns 1,217,726 shares of the business services provider’s stock worth $157,001,000 after buying an additional 30,951 shares during the last quarter. Machina Capital S.A.S. increased its holdings in shares of Fiserv by 256.8% during the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock worth $6,082,000 after buying an additional 33,949 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Fiserv by 4.2% during the 3rd quarter. New York State Common Retirement Fund now owns 942,817 shares of the business services provider’s stock worth $121,557,000 after buying an additional 38,167 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.
Fiserv Stock Performance
NASDAQ:FISV opened at $55.83 on Friday. The company has a fifty day simple moving average of $57.57 and a two-hundred day simple moving average of $61.67. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. Fiserv, Inc. has a 52 week low of $52.17 and a 52 week high of $177.36.
Analysts Set New Price Targets
Several brokerages have recently commented on FISV. Mizuho decreased their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets lifted their target price on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, May 15th. Truist Financial dropped their target price on shares of Fiserv from $65.00 to $64.00 and set a “hold” rating for the company in a report on Friday, April 24th. Rothschild & Co Redburn dropped their target price on shares of Fiserv from $50.00 to $40.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Finally, Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $82.97.
Check Out 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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