Graybill Wealth Management LTD. bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 36,424 shares of the business services provider’s stock, valued at approximately $2,447,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chicago Capital LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $1,316,000. Vulcan Value Partners LLC purchased a new stake in Fiserv during the 3rd quarter valued at approximately $103,398,000. ZWJ Investment Counsel Inc. purchased a new stake in Fiserv during the 4th quarter valued at approximately $1,141,000. Robeco Institutional Asset Management B.V. purchased a new stake in Fiserv during the 4th quarter valued at approximately $4,127,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Fiserv during the 4th quarter valued at approximately $14,907,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Fiserv Trading Up 1.4%
FISV stock opened at $53.78 on Friday. The firm has a fifty day moving average price of $57.33 and a 200 day moving average price of $61.10. Fiserv, Inc. has a fifty-two week low of $51.78 and a fifty-two 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 firm has a market cap of $28.68 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.79.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on FISV shares. TD Cowen reaffirmed a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Mizuho cut their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Cantor Fitzgerald cut their price objective on shares of Fiserv from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Susquehanna reaffirmed a “positive” rating and set a $91.00 price objective (down from $99.00) on shares of Fiserv in a report on Monday, May 4th. Finally, Loop Capital cut their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Hold” and a consensus target price of $82.23.
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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