Toth Financial Advisory Corp purchased a new stake in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 141,335 shares of the business services provider’s stock, valued at approximately $9,493,000.
Several other institutional investors and hedge funds have also bought and sold shares of FISV. Capital World Investors lifted its stake in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares during the period. Amundi increased its position in Fiserv by 27.2% during the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after purchasing an additional 807,916 shares during the period. Legal & General Group Plc raised its holdings in Fiserv by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock worth $469,051,000 after purchasing an additional 131,935 shares in the last quarter. Barclays PLC raised its holdings in Fiserv by 116.0% in the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after purchasing an additional 1,895,349 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fiserv by 24.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,138,413 shares of the business services provider’s stock worth $404,687,000 after purchasing an additional 607,213 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Stock Performance
NASDAQ:FISV opened at $56.16 on Friday. The firm has a market capitalization of $30.03 billion, a P/E ratio of 8.86, a PEG ratio of 1.74 and a beta of 0.79. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. Fiserv, Inc. has a one year low of $52.91 and a one year high of $222.62. The company’s 50-day simple moving average is $59.83 and its 200 day simple moving average is $76.79.
Analyst Ratings Changes
Several brokerages recently issued reports on FISV. Stephens reduced their price target on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Fiserv in a research report on Wednesday, March 11th. B. Riley Financial reduced their target price on Fiserv from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Mizuho decreased their target price on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Fiserv in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $106.13.
View Our Latest Stock Analysis on Fiserv
Fiserv 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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