Poehling Capital Management INC. bought a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 206,656 shares of the business services provider’s stock, valued at approximately $13,881,000. Fiserv comprises 2.8% of Poehling Capital Management INC.’s investment portfolio, making the stock its 7th largest position.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC grew its holdings in shares of Fiserv by 2.3% in the second 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. Bison Wealth LLC grew its holdings in shares of Fiserv by 5.3% in the fourth 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 during the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Fiserv by 50.3% in the third quarter. Cornerstone Planning Group LLC now owns 472 shares of the business services provider’s stock worth $61,000 after purchasing an additional 158 shares during the last quarter. Twin City Private Wealth LLC grew its holdings in shares of Fiserv by 5.0% in the third quarter. Twin City Private Wealth LLC now owns 3,562 shares of the business services provider’s stock worth $459,000 after purchasing an additional 170 shares during the last quarter. Finally, ROI Financial Advisors LLC grew its holdings in shares of Fiserv by 10.3% in the third quarter. ROI Financial Advisors LLC now owns 1,871 shares of the business services provider’s stock worth $241,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.
Fiserv Stock Performance
NASDAQ:FISV opened at $56.03 on Wednesday. The firm’s fifty day simple moving average is $57.86 and its 200 day simple moving average is $62.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market cap of $29.88 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.80 and a beta of 0.84. Fiserv, Inc. has a twelve month low of $52.17 and a twelve month high of $177.36.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Stephens cut their target price on Fiserv from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. B. Riley Financial cut their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $78.00 target price on Fiserv in a research note on Wednesday, May 6th. Nine investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $82.97.
Read Our Latest Analysis on Fiserv
About Fiserv
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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