Clearstead Advisors LLC bought a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 19,340 shares of the business services provider’s stock, valued at approximately $1,299,000.
A number of other hedge funds have also recently modified their holdings of FISV. Oakworth Capital Inc. acquired a new stake in Fiserv during the 4th quarter worth $25,000. American National Bank & Trust acquired a new stake in Fiserv during the 4th quarter worth $27,000. Kimelman & Baird LLC acquired a new stake in Fiserv during the 4th quarter worth $27,000. Mendota Financial Group LLC acquired a new stake in Fiserv during the 4th quarter worth $28,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Fiserv during the 4th quarter worth $29,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Fiserv Trading Up 0.0%
Shares of FISV stock opened at $55.62 on Thursday. The firm’s 50 day moving average price is $57.62 and its two-hundred day moving average price is $61.72. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock has a market cap of $29.66 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84.
Wall Street Analyst Weigh In
FISV has been the subject of several recent analyst reports. Compass Point reduced their target price on shares of Fiserv from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Citigroup reduced their price objective on shares of Fiserv from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings cut shares of Fiserv from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. TD Cowen restated a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Finally, Robert W. Baird set a $78.00 price target on shares of Fiserv in a report on Wednesday, May 6th. Nine 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $82.97.
Get Our Latest Research Report 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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