Woodley Farra Manion Portfolio Management Inc. bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,695 shares of the business services provider’s stock, valued at approximately $2,062,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chicago Capital LLC acquired a new position in Fiserv in the fourth quarter worth about $1,316,000. Vulcan Value Partners LLC acquired a new position in Fiserv in the third quarter valued at about $103,398,000. ZWJ Investment Counsel Inc. bought a new stake in Fiserv during the fourth quarter worth about $1,141,000. Robeco Institutional Asset Management B.V. bought a new stake in Fiserv during the fourth quarter worth about $4,127,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $14,907,000. 90.98% of the stock is currently owned by institutional investors.
Fiserv Trading Down 0.2%
FISV opened at $53.17 on Friday. The firm has a 50 day simple moving average of $57.36 and a 200 day simple moving average of $61.15. Fiserv, Inc. has a fifty-two week low of $51.78 and a fifty-two week high of $177.36. The company has a market cap of $28.35 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.49 and a beta of 0.79. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Truist Financial set a $58.00 price target on Fiserv and gave the stock a “hold” rating in a research report on Friday, May 29th. Cantor Fitzgerald reduced their price objective on Fiserv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company decreased their target price on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, March 27th. Keefe, Bruyette & Woods cut their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Raymond James Financial downgraded shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Nine investment 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 data from MarketBeat, Fiserv currently has an average 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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