Liberty Capital Management Inc. bought a new position in shares of Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 47,615 shares of the business services provider’s stock, valued at approximately $3,198,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FISV. Brighton Jones LLC boosted its holdings in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after buying an additional 2,033 shares during the last quarter. Bison Wealth LLC boosted its holdings in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Fiserv by 21.0% during the second quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock worth $480,000 after buying an additional 483 shares during the last quarter. Jump Financial LLC bought a new position in Fiserv during the second quarter worth about $1,001,000. Finally, Gamco Investors INC. ET AL boosted its holdings in Fiserv by 7.2% during the second quarter. Gamco Investors INC. ET AL now owns 5,200 shares of the business services provider’s stock worth $897,000 after buying an additional 350 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.
Fiserv Stock Performance
Shares of FISV stock opened at $61.29 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $32.73 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79. The company’s 50 day moving average price is $58.90 and its two-hundred day moving average price is $72.30. Fiserv, Inc. has a 52 week low of $52.91 and a 52 week high of $221.50.
Analyst Ratings Changes
A number of equities analysts have issued reports on FISV shares. JPMorgan Chase & Co. reduced their target price on Fiserv from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Tigress Financial reaffirmed a “buy” rating and set a $95.00 price target on shares of Fiserv in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods dropped their price target on Fiserv from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company dropped their price target on Fiserv from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Finally, Mizuho dropped their target price on shares of Fiserv from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Nine investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Hold” and a consensus price target of $103.74.
Read Our Latest Stock 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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