Summitry LLC raised its stake in Fiserv, Inc. (NASDAQ:FISV – Free Report) by 22.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 949,916 shares of the business services provider’s stock after acquiring an additional 173,715 shares during the period. Fiserv makes up 1.9% of Summitry LLC’s holdings, making the stock its 16th biggest holding. Summitry LLC’s holdings in Fiserv were worth $53,005,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new position in Fiserv in the fourth quarter worth about $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $25,000. American National Bank & Trust bought a new position in Fiserv during the 4th quarter worth approximately $27,000. Kimelman & Baird LLC bought a new position in Fiserv during the 4th quarter worth approximately $27,000. Finally, Goodman Advisory Group LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
Fiserv Trading Down 0.2%
NASDAQ:FISV opened at $53.94 on Friday. The firm has a market capitalization of $28.76 billion, a P/E ratio of 9.14, a P/E/G ratio of 1.52 and a beta of 0.82. The business has a 50 day simple moving average of $51.97 and a 200 day simple moving average of $57.22. 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 12-month low of $47.04 and a 12-month high of $141.38.
Analyst Ratings Changes
FISV has been the topic of several research reports. Wells Fargo & Company set a $56.00 price target on Fiserv and gave the company an “equal weight” rating in a research report on Thursday, July 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $60.00 target price (down from $70.00) on shares of Fiserv in a report on Thursday, July 9th. Keefe, Bruyette & Woods decreased their price target on shares of Fiserv from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Mizuho lowered their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Loop Capital lowered their price objective on shares of Fiserv from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.57.
Get Our Latest Research Report on Fiserv
Insider Activity at Fiserv
In other news, CFO Paul M. Todd acquired 10,060 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares in the company, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.
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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