Nicollet Investment Management Inc. acquired a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,506 shares of the business services provider’s stock, valued at approximately $1,176,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FISV. Chicago Capital LLC acquired a new stake in Fiserv in the fourth quarter worth approximately $1,316,000. Vulcan Value Partners LLC acquired a new stake in Fiserv in the third quarter worth approximately $103,398,000. ZWJ Investment Counsel Inc. acquired a new stake in Fiserv in the fourth quarter worth approximately $1,141,000. Robeco Institutional Asset Management B.V. acquired a new stake in Fiserv in the fourth quarter worth approximately $4,127,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Fiserv in the fourth quarter worth approximately $14,907,000. 90.98% of the stock is owned by institutional investors.
Fiserv Price Performance
Shares of NASDAQ:FISV opened at $53.28 on Thursday. Fiserv, Inc. has a one year low of $52.17 and a one year high of $177.36. The stock has a fifty day moving average of $57.41 and a 200-day moving average of $61.20. The company 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 company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Royal Bank Of Canada set a $75.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Tigress Financial restated a “buy” rating and issued a $95.00 target price on shares of Fiserv in a research report on Wednesday, March 11th. JPMorgan Chase & Co. cut their target price on Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. B. Riley Financial cut their target price on Fiserv from $69.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Loop Capital cut their target price on Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Nine equities 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.23.
View Our Latest 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.
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