Ilmarinen Mutual Pension Insurance Co purchased a new position in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 85,000 shares of the business services provider’s stock, valued at approximately $5,709,000.
Other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv during the 4th quarter worth $27,000. Kimelman & Baird LLC bought a new stake in Fiserv during the fourth quarter valued at about $27,000. Mendota Financial Group LLC purchased a new position in Fiserv in the fourth quarter valued at about $28,000. Finally, Capital Advisors Ltd. LLC purchased a new position in Fiserv in the fourth quarter valued at about $29,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Fiserv Trading Up 0.4%
Shares of NASDAQ:FISV opened at $55.83 on Friday. Fiserv, Inc. has a 52-week low of $52.17 and a 52-week high of $177.36. 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 $29.77 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.56 and a beta of 0.84. The business has a 50-day moving average price of $57.57 and a 200-day moving average price of $61.67.
Wall Street Analysts Forecast Growth
FISV has been the topic of a number of recent analyst reports. B. Riley Financial lowered their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Morgan Stanley decreased 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 report on Tuesday, April 28th. Stephens lowered their target price on shares of Fiserv from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. TD Cowen restated a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Finally, BMO Capital Markets raised their target price on shares of Fiserv from $55.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $82.97.
Get Our Latest Stock Report on FISV
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.
Read More
- Five stocks we like better than Fiserv
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISV – Free Report).
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.
