Syon Capital LLC purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 14,242 shares of the business services provider’s stock, valued at approximately $957,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FISV. Brighton Jones LLC lifted its position in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC lifted its position in 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 buying an additional 116 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after buying an additional 483 shares in the last quarter. Jump Financial LLC acquired a new position in Fiserv during the 2nd quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL lifted its position in Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock valued at $897,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.
Fiserv Price Performance
NASDAQ FISV opened at $52.72 on Tuesday. The business has a 50 day simple moving average of $57.44 and a 200 day simple moving average of $61.30. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.52 and a beta of 0.80.
Analysts Set New Price Targets
FISV has been the topic of a number of research reports. TD Cowen restated a “buy” rating on shares of Fiserv in a research report on Friday, May 15th. Citigroup cut their target price on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. BMO Capital Markets upped their target price on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Susquehanna restated a “positive” rating and set a $91.00 target price (down from $99.00) on shares of Fiserv in a research report on Monday, May 4th. Finally, Mizuho cut their target price on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average target price of $82.23.
Read Our Latest Analysis on Fiserv
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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