Mcrae Capital Management Inc. purchased a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 92,904 shares of the business services provider’s stock, valued at approximately $6,240,000. Fiserv comprises about 1.3% of Mcrae Capital Management Inc.’s holdings, making the stock its 28th largest holding.
Several other large investors have also bought and sold shares of the business. Chicago Capital LLC bought a new position in Fiserv during the fourth quarter worth about $1,316,000. Machina Capital S.A.S. increased its stake in shares of Fiserv by 256.8% in the 3rd quarter. Machina Capital S.A.S. now owns 47,170 shares of the business services provider’s stock valued at $6,082,000 after acquiring an additional 33,949 shares during the last quarter. Vulcan Value Partners LLC acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $103,398,000. Jones Financial Companies Lllp boosted its stake in Fiserv by 14.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 209,775 shares of the business services provider’s stock worth $27,147,000 after acquiring an additional 25,987 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its stake in Fiserv by 785.7% during the 3rd quarter. Blume Capital Management Inc. now owns 25,197 shares of the business services provider’s stock worth $3,249,000 after acquiring an additional 22,352 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.
Fiserv Stock Performance
FISV opened at $55.08 on Thursday. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 1.58 and a beta of 0.79. The business’s 50-day moving average price is $57.54 and its two-hundred day moving average price is $61.47. Fiserv, Inc. has a 1 year low of $52.17 and a 1 year high of $177.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.
Analyst Upgrades and Downgrades
FISV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Fiserv from $63.00 to $60.00 in a research report on Monday, May 11th. Morgan Stanley boosted their target price on Fiserv from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Susquehanna reiterated 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, Wells Fargo & Company lowered their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Nine 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 company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Hold” and a consensus price target of $82.80.
Read Our Latest Research Report on FISV
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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