Dorsey & Whitney Trust CO LLC acquired a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 105,094 shares of the business services provider’s stock, valued at approximately $7,059,000.
Other large investors have also modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth $25,000. Private Wealth Asset Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $25,000. American National Bank & Trust purchased a new stake in shares of Fiserv during the fourth quarter worth $27,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $27,000. Finally, Goodman Advisory Group LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Stock Performance
NASDAQ:FISV opened at $53.28 on Thursday. The firm has a market capitalization of $28.41 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.79. The business’s fifty day moving average price is $57.41 and its 200 day moving average price is $61.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 12 month low of $52.17 and a 12 month high of $177.36.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on FISV shares. Loop Capital cut their price objective on Fiserv from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Truist Financial set a $58.00 price objective on Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Robert W. Baird set a $78.00 target price on Fiserv in a report on Wednesday, May 6th. Cantor Fitzgerald dropped their target price on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $82.23.
Check Out 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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