SFE Investment Counsel bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,407 shares of the business services provider’s stock, valued at approximately $2,042,000.
Other institutional investors have also bought and sold shares of the company. Jacobsen Capital Management lifted its holdings in shares of Fiserv by 5.8% during the third quarter. Jacobsen Capital Management now owns 1,767 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 97 shares during the period. Stonebridge Capital Advisors LLC grew its holdings in shares of Fiserv by 2.3% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider’s stock worth $744,000 after purchasing an additional 98 shares during the last quarter. Quent Capital LLC increased its position in shares of 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 purchasing an additional 116 shares in the last quarter. Bison Wealth LLC increased its position in shares of Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in Fiserv by 50.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.
Fiserv Price Performance
Shares of FISV stock opened at $52.37 on Thursday. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $191.28. 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 firm’s 50 day moving average is $58.48 and its 200-day moving average is $63.67. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.74 and a beta of 0.84.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on FISV shares. BMO Capital Markets began coverage on shares of Fiserv in a research note on Tuesday, April 21st. They set a “market perform” rating and a $65.00 price objective on the stock. Morgan Stanley cut their target price on shares of Fiserv from $81.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Wells Fargo & Company reduced their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Stephens decreased their price target on Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Finally, Cantor Fitzgerald dropped their price target on Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday. Eight research analysts have rated the stock with a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.57.
Check Out Our Latest Analysis on FISV
Key Headlines Impacting Fiserv
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
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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