Monaco Asset Management SAM acquired a new stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the business services provider’s stock, valued at approximately $672,000.
Other institutional investors have also modified their holdings of the company. Redmont Wealth Advisors LLC bought a new stake in shares of Fiserv in the 3rd quarter valued at approximately $30,000. WFA of San Diego LLC bought a new stake in shares of Fiserv in the 2nd quarter valued at approximately $55,000. Oakworth Capital Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $25,000. Kimelman & Baird LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. Finally, American National Bank & Trust bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $27,000. 90.98% of the stock is owned by institutional investors.
Fiserv Stock Performance
Shares of NASDAQ FISV opened at $56.56 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50 day moving average price is $57.56 and its 200-day moving average price is $61.62. Fiserv, Inc. has a fifty-two week low of $52.17 and a fifty-two week high of $177.36. The company has a market cap of $30.16 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.58 and a beta of 0.80.
Analysts Set New Price Targets
Several research firms have recently issued reports on FISV. Weiss Ratings raised Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. BNP Paribas Exane lowered their price objective on Fiserv from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. TD Cowen reiterated a “buy” rating on shares of Fiserv in a report on Friday, May 15th. Finally, Tigress Financial reiterated a “buy” rating and issued a $95.00 price target on shares of Fiserv in a report on Wednesday, March 11th. Nine research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus price target of $82.80.
View Our Latest Research 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.
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