Harber Asset Management LLC acquired a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 157,851 shares of the business services provider’s stock, valued at approximately $10,603,000. Fiserv makes up approximately 4.4% of Harber Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding.
A number of other institutional investors also recently added to or reduced their stakes in FISV. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in Fiserv by 21.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 483 shares in the last quarter. Jump Financial LLC purchased a new stake in Fiserv in the 2nd quarter valued at approximately $1,001,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Fiserv by 7.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Fiserv Trading Up 1.4%
Shares of Fiserv stock opened at $53.78 on Friday. 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 1 year low of $51.78 and a 1 year high of $177.36. The company has a market capitalization of $28.68 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.51 and a beta of 0.79. The business has a 50 day moving average price of $57.33 and a 200 day moving average price of $61.10.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. TD Cowen reissued a “buy” rating on shares of Fiserv in a research note on Friday, May 15th. Wells Fargo & Company decreased their price target on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, March 27th. Mizuho decreased their price target on Fiserv from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Fiserv from $63.00 to $60.00 in a research note on Monday, May 11th. Finally, Royal Bank Of Canada set a $75.00 price target on Fiserv and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $82.23.
Get Our Latest Stock Report on FISV
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.
Further Reading
- Five stocks we like better than Fiserv
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
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.
